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HERITAGE BANK
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank, targeting those with account balances above the insured limit of N5 million.
The Nigeria Deposit Insurance Corporation (NDIC) said it has commenced the process of recovering debts from debtors of the recently liquidated Heritage Bank as part of moves to pay uninsured depositors of the bank.
The South African Pay-TV operator, Multichoice Group, said it has written off the N31.6 billion ($21 million) cash it had with the recently liquidated Heritage Bank.
The Nigeria Deposit Insurance Corporation (NDIC) is set to commence the auction of landed properties and chattels belonging to the defunct Heritage Bank, starting Wednesday, December 4, 2024.
The Nigeria Deposit Insurance Corporation (NDIC) has successfully paid 82.36% of the total insured deposits to customers of the now-defunct Heritage Bank, following the revocation of the bank's license by the Central Bank of Nigeria (CBN) on June 3, 2024.
The Nigeria Deposit Insurance Corporation (NDIC) has stated that discrepancies in account names linked to the Bank Verification Numbers (BVN) of some former Heritage Bank customers are delaying their insured deposit payments.
Fidelity Bank's 2023 Profit Before Tax grew by 131.5%, driven by robust earnings and strategic growth initiatives, ensuring strong shareholder returns
Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation.
Nine publicly listed commercial banks paid a sum of N166.4 billion as deposit insurance premium to the Nigerian Deposit Insurance Corporation (NDIC) in 2023, a 29.3% increase compared to the N128.7 billion recorded in the previous year.
The Nigeria Deposit Insurance Commission (NDIC) says it will begin payment to 2.3 million depositors of the Heritage bank this week.
The CBN revoked its license, with a lot of depositors' funds at risk, including one customer reportedly losing about N11 billion.
Peter Obi, the Labour Party’s presidential candidate from the last election, has urged the federal government and the Nigeria Deposit Insurance Corporation (NDIC) to immediately fully reimburse depositors of Heritage Bank following the recent revocation of its license by the Central Bank.