The Nigerian Deposit Insurance Corporation (NDIC), has revealed that the uninsured depositors of the defunct Heritage Bank will by the end of April, 2025, receive the first tranche of liquidation dividend of 9.2 kobo per naira.
The Managing Director, NDIC, Bello Hassan stated this yesterday at the NDIC 2025 Retreat for the House Committee on Insurance & Actuarial Matters aimed at reinforcing the NDIC’s role in maintaining financial stability amidst economic challenges.
Hassan intimated the Chairman of the committee that following the liquidation of Heritage Bank, said payment of the insured sum was prompt in line with best practice.
He acknowledged that the Corporation has re-strategised on aggressive debt recovery, to ensure recovery of outstanding debts owed to the defunct bank.
