Heritage Bank: NDIC pays 82.36 per cent of customers at N5m per depositor

The Nigeria Deposit Insurance Corporation announced that it has paid 82.36 percent of customers of the liquidated Heritage Bank.

Bashir Nuhu, Director of Communication and Public Affairs astatine NDIC, disclosed this successful a connection astatine the weekend.

Recall that connected June 3, the Central Bank of Nigeria revoked the licence of Heritage Bank implicit its anemic fiscal standing.

As an update, NDIC said payments person been made to the defunct banks’ customers utilizing Bank Verification Numbers (BVN) linked with depositors’ alternate accounts successful different banks.

The corp stressed that it began outgo of the insured deposits of N5 cardinal maximum per depositor.

The NDIC, however, said the defunct banks’ deposits exceeding N5 cardinal volition beryllium paid arsenic liquidation dividends upon realization of the defunct bank’s assets and indebtedness recovery.

“This unprecedented accomplishment of nonstop outgo done BVN-linked alternate accounts without the request for depositors to sojourn NDIC offices oregon capable retired forms marks a historical displacement for the NDIC successful the punctual reimbursement of depositors, with outgo of astir 82.36 percent of the full insured deposit to date.

“This was achieved utilizing Bank Verification Numbers (BVN) arsenic a unsocial identifier to find depositors’ alternate accounts successful different banks. However, depositors with balances exceeding 5 cardinal naira person been paid the archetypal insured sum of 5 cardinal naira, portion the remaining balances (classified arsenic uninsured deposits) volition beryllium paid arsenic liquidation dividends upon realization of the defunct bank’s assets and betterment of debts owed to the defunct bank,” helium stated.

Heritage Bank: NDIC pays 82.36 per cent of customers astatine N5m per depositor