Following the Central Bank of Nigeria’s revocation of Heritage Bank Plc’s banking license, the Nigeria Deposit Insurance Corporation (NDIC) has announced the start of the bank’s liquidation process, beginning with the immediate verification and payment of insured deposits to depositors.
In a statement released on Monday by Bashir Nuhu, Director of Communication & Public Affairs, the Corporation stated that depositors with alternate accounts within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN).
Depositors with funds exceeding N5 million will receive liquidation dividends once the bank’s assets are realized and debts recovered.
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According to the statement , “All depositors of the defunct bank without alternate bank account in the industry are advised to visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as driver’s license, permanent voter’s card, National Identity Card, together with their alternate account and Bank Verification Number, BVN, for the verification of their deposits and subsequent payment of insured sums.
“Verification and Payment of Creditors: Creditors are also advised to visit the nearest branch of the bank to file their claims or via the online platform.
“Debtors’ Repayment of Loans: Debtors that are yet to complete the repayment of loans are advised to contact the Corporation’s Asset Management Department, AMD.”
The corporation reassured the banking public of its dedication to the ongoing safety of their funds in all licensed banks. It urged depositors to continue their banking activities without fear, emphasizing that banks with valid licenses remain secure and stable.
