The Nigeria Deposit Insurance Corporation announced on Monday the commencement of the liquidation process for Heritage Bank Plc, following the revocation of the bank's operating license by the Central Bank of Nigeria . NDIC's spokesperson, Bashir Nuhu, said in a statement on Monday that the liquidation is in accordance with Section 55 Sub-sections 1…
It added that depositors with funds in excess of N5 million will be paid liquidation dividends upon the realisation of the bank’s assets and the recovery of debts owed to the bank. NDIC, however, urged depositors without an alternate bank account in the industry to visit the nearest branch of the bank with proof of account ownership and a verifiable means of identification.
NDIC also guaranteed depositors the safety of their funds, stating, “The NDIC wishes to assure the entire banking public of its commitment to the continued safety of depositors’ funds in all licenced banks. As such, depositors are urged to continue their banking businesses without fear, as banks whose licences have not been revoked remain safe and sound.”Before flagging, please keep in mind that Disqus does not moderate communities.
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