BREAKING: Depositors Funds Trapped As NDIC Liquidates Heritage Bank

Depositors funds in the excess of N5 million have been trapped as NDIC commences the liquidation of Heritage Bank following CBN’s license revocation.

 

NewsOnline Nigeria reports that the Nigeria Deposit Insurance Corporation (NDIC) has announced the commencement of the liquidation process of the failed bank with immediate verification and payment of insured deposits to the bank depositors.

 

In a statement issued by the Director, Communication & Public Affairs, Bashir Nuhu, on Monday, the Corporation revealed that the 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.

 

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In the same vein, depositors with funds in excess of N5 million will be paid liquidation dividends upon realization of the bank’s assets and recovery of debts owed to the bank.

 

The statement added, “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.”

 

The Corporation also urged depositors to file online claim by visiting the NDIC website claims page on www.ndic.gov.ng/claims/claims, download and fill the claims forms and upload the required documentation to ensure verification of their deposits.

 

The statement added, “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 assured the banking public of its commitment to the continued safety of their funds in all licensed banks, urging depositors to continue their banking businesses without fear as banks whose licenses have not been revoked remain safe and sound.