Tag: Liquidation
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NDIC begins liquidation of Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) says it has started the liquidation process of Heritage Bank with immediate verification and payment of insured deposits to bank depositors. Recall that on Monday, CBN revoked Heritage Bank’s license.
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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…