To ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank, the Nigeria Deposit Insurance Corporation (NDIC) has commenced process for the sale of landed properties and chattels of the defunct bank.
The exercise is pursuant to the Corporation’s statutory powers as liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023.
It also comes after the exercise for the sales of physical assets of the defunct bank at its leased locations nationwide.
The sale of landed assets is by competitive bidding and will take place at the 36 affected locations of the bank across the country from Wednesday, 4th December 2024.
Buyers who wish to participate in the auction are expected to follow laid down guidelines aimed at ensuring transparency, fair competition, equity and accountability to enable recovery of commensurate values from the exercise.
This is vital for the payment of liquidation dividends to eligible claimants.
