By Stellamaries Amuwa, Abuja
Nigeria Deposit Insurance Corporation (NDIC), is almost set to pay depositors of the defunct Heritage Bank whose deposits exceed N5 million.
This was made known during the 2024 workshop organised for Financial Correspondents Association of Nigeria
(FICAN) which held on Thursday in Lagos.
Speaking, the Managing Director NDIC, Bello Hassan noted that the Corporation was working to ensure that the depositors who had above N5 million with the bank got paid through the liquidation dividends.
According to him, the Corporation had also commenced debt recovery to ensure the payment.
“We are making concerted effort to cover the assets in terms of physical assets and debts in liquidation dividends which have already commenced. The only group of insured depositors that we have not paid are those with no alternate account and have not come forward to provide the alternate account so that we can pay them.”
Hassan stated again that “insured depositors whose account is on post no debit order either by order of court or by regulatory agencies due to issues around fraud and Know-Your-Customer (KYC) have not been paid. Once those orders are vacated, we are going to pay them,” he said.
The NDIC had announced the sale of the defunct bank properties and chattel, including vehicles, office equipment and machinery in 62 locations across the country.
Hassan assured that the Corporation would continue to do all within its mandate to ensure stability in the financial system.
