BREAKING: NDIC TO COMMENCE PAYMENT OF HERITAGE BANK’S DEPOSITORS THIS WEEK
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As of this week, depositors of Heritage Bank (in liquidation) will be paid their insured deposits.
This was disclosed by the Managing Director (MD) of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, at an on-going press conference in Abuja.
According to him, over 99 percent of the 2.3 million depositors have N5 million or less in their accounts and will therefore be paid in full.
He explained that only about 4000 depositors have over N5 million in their accounts.
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For such customers, they will receive an initial N5 million along with others and later be paid more as the NDIC recovers assets of the bank and loans from debtors.
More details later…
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