By Ken Afor
The Nigeria Deposit Insurance Corporation (NDIC) has initiated the liquidation of Heritage Bank Plc, following the revocation of its banking license by the Central Bank of Nigeria (CBN) on Monday, June 3, 2024.
This was disclosed in a statement by the Director of Communication & Public Affairs of the NDIC, Mr. Bashir A. Nuhu.
He said: “Depositors of the bank that have alternate accounts within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account.
“While depositors with funds in excess of N5 million will be paid a liquidation dividend upon the realisation of the bank’s assets and recovery of debts owed to the bank.”
According to the statement, depositors are to visit the nearest bank branch with proof of account ownership, a verifiable ID (such as a driver’s license, voter’s card, or National Identity Card), their alternate account details, and BVN for deposit verification and insured sum payment.
Alternatively, customers are advised to submit their claims online by visiting the NDIC website claims page at www.ndic.gov.ng/claims/claims, downloading and filling out the claims forms, and uploading the necessary documents.
The NDIC also requested creditors to file their claims at the nearest bank branch or through the online platform.
The statement added that the payment process for creditors will begin once all depositors have received their payments.
Additionally, the NDIC is urging individuals with outstanding loans to contact the Asset Management Department (AMD) or visit the NDIC website for further information on how to settle their debts.
The NDIC wants to reassure the public that it is dedicated to protecting depositors’ funds in all licensed banks.
The Corporation emphasises that banks that have not had their licenses revoked are financially stable and secure, and depositors can have confidence in the safety of their funds.
