Browsing Tag
Nigeria Deposit Insurance Corporation (NDIC)
2 posts
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
Why Heritage Bank’s licence was revoked — CBN reveals
The Central Bank of Nigeria (CBN) announced yesterday that it has revoked Heritage Bank’s operating licence due to the bank’s inability to improve its financial status. The Nigeria Deposit Insurance Corporation (NDIC) has started the bank’s liquidation process and will … Continue Reading