The Nigeria Deposit Insurance Corporation (NDIC) has initiated the liquidation process for Heritage Bank Plc, following the revocation of its banking license by the Central Bank of Nigeria (CBN) on June 3, 2024.
In a statement issued by Bashir Nuhu, Director of Communication & Public Affairs at NDIC, the corporation stated its commitment to protecting depositors’ funds.
“The NDIC has commenced the liquidation of Heritage Bank Plc,” Nuhu announced, citing Sections 55(1) & (2) of the NDIC Act 2023 as the legal basis for this action.
Verification and Payment Process
To facilitate the payment process, depositors with alternate bank accounts within the industry will receive up to N5 million insured deposits through their Bank Verification Number (BVN). Those without alternate accounts are required to visit the nearest branch of Heritage Bank or file a claim online via the NDIC website, providing necessary identification and account verification documents.
Additional Information for Creditors and Debtors
Creditors of Heritage Bank are instructed to file their claims either at the nearest bank branch or online, with payments to commence after all depositors have been settled. Debtors with outstanding loans are urged to contact NDIC’s Asset Management Department to arrange repayment.
NDIC’s Assurance to the Banking Public
The NDIC reassures the public of the safety of deposits in all licensed banks, encouraging continued confidence in the banking system. “Depositors are urged to continue their banking businesses without fear as banks whose licenses have not been revoked remain safe and sound,” the statement concluded.
For further details and to file claims, depositors and creditors can visit the NDIC website at www.ndic.gov.ng.
