Heritage Bank
NDIC Reveals 17.64% of Heritage Bank Depositors Still Awaiting Payment
The Nigeria Deposit Insurance Corporation (NDIC) has reported that 82.36% of insured depositors from the now-defunct Heritage Bank have been reimbursed since the Central Bank of Nigeria (CBN) revoked the bank’s license on June 3, 2024.… Continue Reading
First Bank Recovers N456 Billion Loan from Heritage Bank Prior to License Revocation
First Bank has successfully recovered a “N456 billion loan” from Heritage Bank, just before the latter’s banking license was revoked by the Central Bank of Nigeria (CBN).
This recovery concludes a seven-year wait and averts a substantial impairment charge … Continue Reading
NDIC to Pay Heritage Bank Depositors Up to N5 Million
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to compensate depositors of Heritage Bank up to N5 million following the revocation of the bank’s operating license by the Central Bank of Nigeria (CBN).
In a statement issued … Continue Reading
Labour Union Protests Heritage Bank’s Dismissal of 1,000 Support Workers
In a dramatic demonstration of dissent, the National Union of Banks, Insurance and Financial Institutions Employees led a picket outside Heritage Bank’s headquarters in Victoria Island, Lagos.
The focal point of their ire: the termination of 1,000 support staff … Continue Reading