Tag: Depositors
-
NDIC begins payment to Heritage Bank depositors
The Nigeria Deposit Insurance Corporation (NDIC) has started payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. This is contained in statement on Sunday by Hawwau Gambo, Acting Head, Communication and Public
-
Heritage Bank depositors to receive first tranche of liquidation dividends
The Nigeria Deposit Insurance Corporation (NDIC) says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April. It would be recalled that Heritage Bank operating licence was revoked by the Central Bank of Nigeria (CBN) on June 3, 2024.
-
Heritage Bank: NDIC working to pay depositors fund exceeding N5m
The Nigeria Deposit Insurance Corporation (NDIC), says plans are ongoing to pay depositors of the defunct Heritage Bank whose deposits exceed N5 million. The Managing Director of NDIC, Mr Bello Hassan said this at the 2024 workshop for Financial Correspondents
-
Heritage Bank: NDIC begins payment of depositors’ insured sum
The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week. The Managing Director of NDIC, Mr Bello Hassan, said this while briefing newsmen in Abuja on Wednesday.
-
Pay Heritage bank depositors without delay – Peter Obi urges FG
Former presidential candidate, Peter Obi, has called on the federal government, through the Nigeria Deposit Insurance Corporation (NDIC), to ensure that all depositors of Heritage Bank receive their funds in full and immediately. This follows the recent revocation of the bank’s operating license by the Central Bank of Nigeria (CBN) and the appointment of NDIC…
-
Failed banks: NDIC publishes final dividend declaration call to depositors, creditors
The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation.
-
Liquidation: NDIC commences verification of Fortis Microfinance bank depositors
All insured depositors of Fortis Microfinance Bank Plc have been asked visit branches of the financial institution in order to authenticate that they have funds in the bank. This became necessary after the Nigeria Deposit Insurance Corporation (NDIC) revoked the operating licence of the lender and officially liquidated it. As you read this article, operations…
-
Skye Bank: Lucky Depositors, Disgruntled Investors and Beguiled Public, By Henry Boyo
By Henry Boyo The business license of erstwhile Skye Bank Plc was summarily revoked last month (September 2018) by Godwin Emefiele, the CBN Governor. The revocation came about two years after the financial Regulator sacked the Management in July 2016; the action followed the bank’s inability to meet the mandatory minimum key liquidity and capital…
-
Depositors are real owners of banks, not you – CBN tells bank directors
The Central Bank of Nigeria, CBN, has warned directors of commercial banks who treat bank depositors with disdain to desist from such unprofessional conducts or face sanctions. The apex bank also frowned at insider abuses perpetrated by executives of the bank. The Governor of the apex bank, Godwin Emefiele said this on Tuesday at this…