Tag: NDIC
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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
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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 It would be recalled that Heritage Bank operating licence was revoked by the Central Bank of Nigeria (CBN) on June 3, 2024.
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More trouble for uninsured depositors of Heritage bank as NDIC set to auction properties
More trouble for Heritage bank uninsured customers as NDIC wrap up liquidation move. In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of auctioning the landed properties and chattels of the defunct bank. According to…
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NDIC shares step by step method in which unpaid Heritage bank customers can collect their money
The Nigeria Deposit Insurance Corporation (NDIC) has asked depositors of the defunct Heritage Bank who are yet to receive their payments to come forward with their BVN, proof of account ownership, identification, and alternative account details for processing.
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Senate removes CBN power to appoint CEO of NDIC
The Central Bank of Nigeria, CBN has been stripped of its power to appoint the CEO of the Nigerian Deposit Insurance Corporation, NDIC. Nigerian Senate on Tuesday stripped the CBN its power through an amendment of the Bank Deposit Regulator’s Principal Act. This followed a report submitted to the upper legislative Chamber by the Chairman…
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See this if you experience exorbitant bank charges
The Central Bank of Nigeria (CBN), has advised bank customers to ensure they properly understand any bank product before subscribing to them.
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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
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SEE LIST: NDIC to liquidate 87 Nigerian banks revoked by CBN
The Nigerian Deposit Insurance Corporation (NDIC) will, at the expiration of its notice released on August 23, 2024, approach a Federal High Court to grant the order to dissolve 87 microfinance banks and primary mortgage banks in the country. The Corporation disclosed this in a statement titled “Notice of intention to terminate liquidation activities” published…
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Support Dangote Refinery to end fuel queues – Fomer NDIC boss
Alhaji Umaru Ibrahim, former Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), says supporting the Dangote Refinery is crucial to mitigating the negative consequences of fuel scarcity. He expressed this at the 2024 Mid-Year Enterprise Risk Management (ERM) Conference organised
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Reason for delay in payment of Heritage Bank customers – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying the payment of their insured deposits. Mr Bello Hassan, the Managing Director of NDIC disclosed this on Sunday in Abuja.