NDIC places Heritage Bank assets up for sale

The Nigeria Deposit Insurance Corporation has placed Heritage Bank assets all across Nigeria for sale. NDIC, in an advertorial in a newspaper publication on Thursday, announced the sale of 48 bank properties and chattel, which include vehicles, office equipment, plant, and machinery, located in 62 different locations nationwide. “The Nigeria Deposit Insurance Corporation in…The Nigeria Deposit Insurance Corporation has placed Heritage Bank assets all across Nigeria for sale.

Six other branches in Lagos, four branches in Abuja, four in Rivers State, and across the country are also being put up for sale. CBN said the board and management of the bank have failed to improve the bank’s financial performance, which constitutes a threat to financial stability. The Nigeria Deposit Insurance Corporation has placed Heritage Bank assets all across Nigeria for sale. NDIC, in an advertorial in a newspaper publication on Thursday, announced the sale of 48 bank properties and chattel, which include vehicles, office equipment, plant, and machinery, located in 62 different locations nationwide. “The Nigeria Deposit Insurance Corporation in…

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