Heritage Bank: NDIC commences debt recovery to ensure payment of depositors fund exceeding N5m
Sept. 26, 2024 The Nigeria Deposit Insurance Corporation (NDIC), says plans are ongoing to pay depositors of the defunct Heritage Bank whose deposits exceed N5 million. The Managing Director of…
NDIC explains delay in payment of Heritage Bank customers
The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying the payment of their insured…
N650bn deposits: Heritage Bank to pay depositor this week – NDIC MD
June 5, 2024 With loan portfolio of over N700 billion, the Nigerian Deposit Insurance Corporation (NDIC) says  it will begin payment of insured sum to 2.3 million depositors of Heritage Bank…
CBN revokes licence of Heritage Bank
June 3, 2024 The Central Bank of Nigeria (CBN), has announced revocation of the licence of Heritage Bank Plc with immediate effect. This is according to a statement issued by…
NDIC increases maximum deposit insurance coverage for failed banks
May 2, 2024 The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of bank…
We’re ready to support you, don’t Allow Banks to Fail- Olukoyede to NDIC
March 22, 2024 The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged the Nigeria Deposit Insurance Corporation, NDIC, to keep closer watch on…
NDIC pays over N1.7bn to customers of closed banks
Dec. 16, 2023 Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance Banks (MFBs) and…
NDIC invigorates failed banks’ liquidation activities, debt recovery rate – MD
Nov. 29, 2023 The Nigeria Deposit Insurance Corporation (NDIC) says it has invigorated its banks’ liquidation activities and increased debt recovery rate, leading to 100 per cent liquidation dividend payments…
NDIC paid N16bn to defunct bank stakeholders’ – Official
Nov. 2, 2023 The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the past…
NDIC to probe directors, officers of revoked 183 MFBs, PMBs
Aug. 17, 2023 The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier this year. The…