By Anthony Nwachukwu
Pursuant to Section 55 sub-section 1 and 2 of the Nigeria Deposit Insurance Corporation (NDIC) Act 2023, the corporation has commenced liquidation process of Heritage Bank Plc with immediate verification and payment of insured deposits to the bank depositors.
This followed the revocation Monday, June 3rd, 2024, of the bank’s banking license by the Central Bank of Nigeria (CBN) and the subsequent appointment of NDIC as the liquidator, pursuant to Section 12(2) of BOFIA, 2020.
To this end, NDIC has announced to the bank’s depositors in particular and the banking public in general that it has commenced the liquidation process of the failed bank, according to a statement from Director Communication and Public Affairs, Bashir Nuhu.
It stated that depositors of the bank that have alternate account 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.
“Depositors with funds in excess of N5 million will be paid liquidation dividend upon realisation of the bank’s assets and recovery of debts owed to the bank,” it added.
It advised all depositors of the defunct bank without alternate bank account in the industry 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 BVN for the verification of their deposits and subsequent payment of insured sums.”
Alternatively, the should “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.”
More so, it advised creditors to visit the nearest branch of the bank to file their claims or via the online platform, adding that the process of payment of creditors will commence immediately after all depositors have been paid.”
Meanwhile, “debtors that are yet to complete the repayment of loans are advised to contact the corporation’s Asset Management Department (AMD).”
NDIC assure the entire banking public of its commitment to the
continued safety of depositors’ funds in all licensed banks, while urging depositors to continue their banking businesses without fear as banks which licenses have not been revoked remain safe and sound.
