The Nigeria Deposit Insurance Corporation(NDIC) has initiated Heritage Bank Plc’s liquidation following the revocation of its banking license by the Central Bank of Nigeria (CBN) on June 3, 2024.
A statement signed by NDIC Director of Communication & Public Affairs, Bashir Nuhu explained that in view of the latest development as it concerns Heritage Bank, the NDIC has appointed the Liquidator under Section 12(2) of BOFIA, 2020.
The corporation has commenced the liquidation process, beginning with the verification and payment of insured deposits to the bank depositors.
According to the NDIC, depositors with alternate accounts within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account.
The NDIC further disclosed that those with funds exceeding N5 million will receive a liquidation dividend once the bank’s assets are realised and debts owed to the bank are recovered.
The Corporation advised that depositors without alternate bank accounts were advised to visit the nearest branch of the bank with proof of account ownership and verifiable means of identification, or file an online claim on the NDIC website.
The NDIC also directed creditors to file their claims either in person or online, with payments to creditors commencing after all depositors have been settled.
NDIC further said that debtors with outstanding loans were urged to contact the Corporation’s Asset Management Department (AMD) for further instructions.
The NDIC reassured the public of the safety of depositors’ funds in all licensed banks, emphasising that banks whose licenses have not been revoked are secure.
NDIC depositors were equally encouraged to continue their banking activities without fear.
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