US EditionNDIC begins payment to Heritage Bank's large depositors
- The Nigeria Deposit Insurance Corporation began paying liquidation dividends to defunct Heritage Bank depositors on April 25, 2025.
- This payment follows the Central Bank of Nigeria revoking Heritage Bank's license on June 3, 2024, and prior insured payouts.
- The dividend distribution targets depositors with account balances exceeding the ₦5 million insured deposit limit using recovered asset proceeds.
- The NDIC commenced the first tranche payment totaling ₦46.6 billion at a rate of 9.2 kobo per Naira.
- This represents the initial tranche, and further payments will occur as the Corporation recovers more assets and outstanding debts.
13 Articles
13 Articles
NDIC Issues ₦46.6 Billion Liquidation Dividend To Heritage Bank's Customers With Above Insured Limit - Brand Spur
To ensure that depositors of the defunct Heritage Bank receive their full reimbursement, the Nigeria Deposit Insurance Corporation (NDIC) has begun paying out ₦46.6 billion as the first tranche of liquidation dividends to depositors with funds above the insured limit. According to a statement available to BrandSpur banking and finance news desk, signed by Hawwau Gambo, Acting Head of Communication & Public Affairs, the NDIC has declared the firs…
NDIC Begins N46.6bn Payments to Uninsured Heritage Bank’s Depositors - Economic Confidential
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the disbursement of N46.6 billion as the first tranche of liquidation. The post NDIC Begins N46.6bn Payments to Uninsured Heritage Bank’s Depositors appeared first on Economic Confidential.
Heritage Bank Depositors With Over ₦5 Million To Receive 9.2 Kobo Per Naira In First Dividend Tranche - TheNigeriaLawyer
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the distribution of ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. This announcement was made by Hawwau Gambo, the Acting Head of Communication and Public Affairs at the NDIC. Gambo explained that these funds were obtained from the sale of the bank’s assets and the recovery of debts owed. She stated, “A liquidation dividend is paid to depositors of…
NDIC Commences Payment of ₦46.6 Billion Liquidation Dividends to Heritage Bank Depositors
The NDIC acting head of communication and public affairs, Hauwa Gambo, says these dividends are sourced from the sale of Heritage Bank’s assets and debt recoveries. This first tranche commenced on Friday, April 25, 2025, represents a 9.2 kobo per Naira distribution on a pro-rata basis. The initial dividend payment was at the rate of […] The post NDIC Commences Payment of ₦46.6 Billion Liquidation Dividends to Heritage Bank Depositors appeared f…
NDIC Begins Payment of ₦46.6 Billion to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of ₦46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank who had funds exceeding the insured limit of ₦5 million. The NDIC disclosed this in a statement signed by its Acting Head of Communication and Public Affairs, Hawwau […] The post NDIC Begins Payment of ₦46.6 Billion to Heritage Bank Depositors first appeared on Busine…
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