NASS commends NDIC on Heritage Bank dividend payment progress

NASS hails NDIC for Heritage Bank wind-down, dividend payout strategy

The Nigeria Deposit Insurance Corporation (NDIC) has earned rare commendation from the National Assembly, following its swift, transparent, and professional handling of the Heritage Bank liquidation—a move hailed as a benchmark for crisis resolution in Nigeria’s financial services industry. Speaking at a stakeholders’ retreat in Lagos themed “Navigating Financial Disruptions: Strengthening the NDIC’s Mandate for …

NASS Commends NDIC On Heritage Bank Dividend Payment Progress

The National Assembly has commended the Nigeria Deposit Insurance Corporation (NDIC) for its transparent and efficient handling of the Heritage Bank liquidation. This commendation comes as the corporation prepares to pay the first tranche of liquidation dividend, amounting to 9.2 kobo per Naira, to the defunct bank’s depositors. The House of Representatives Committee on Insurance and Actuarial Matters lauded the NDIC’s efforts on Thursday in Lag…

NASS commends NDIC on Heritage Bank dividend payment progress

By Grace Alegba Lagos, April 24, 2025 (NAN) The National Assembly has commended the Nigeria Deposit Insurance Corporation (NDIC) for its transparent and efficient handling of the Heritage Bank liquidation. This commendation comes as the corporation prepares to pay the first tranche of liquidation dividend, amounting to 9.2 kobo per Naira, to the defunct bank’s depositors. The House of Representatives Committee on Insurance and Actuarial Matters …