Tag: NDIC
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NDIC puts defunct Heritage Bank assets for sale
The Nigeria Deposit Insurance Corporation, NDIC has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its role as liquidator of the bank. NDIC announced the sale of the bank properties numbering 48 and its chattel including vehicles, office equipment, plant, and machinery in another 62 locations across…
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Heritage Bank customers besiege headquarters for payment
Customers of the liquidated Heritage Bank Plc gathered at the bank’s headquarters in Lagos on Wednesday, to seek clarification on the beginning of their deposit payments.
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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.
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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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NDIC increases maximum deposit insurance coverage for failed banks
The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of bank failure. Deposit insurance is the government’s guarantee that an account holder’s money at an insured bank is safe up to a certain amount.
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NDIC pays over N1.7bn to customers of closed banks
Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs). Mr Bello Hassan, Managing Director/Chief Executive Officer, NDIC, said thi
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NDIC to pay N16.18bn liquidation dividends of 20 failed banks
The Nigeria Deposit Insurance Corporation (NDIC) says it is prepared to conduct 100 per cent liquidation dividend payments worth N16.18 billion for depositors of 20 failed banks.
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NDIC to probe directors, officers of revoked 183 MFBs, PMBs
The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier this year.
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Fraudsters getting more creative – Bank customers warned
The Nigeria Deposit Insurance Corporation (NDIC) has warned bank customers and the public against displaying their bank details saying fraudsters were becoming more creative.
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NDIC, CBN to conduct Risk Based Supervision in banks
The Nigeria Deposit Insurance Corporation (NDIC), says it will continue to work with the Central Bank of Nigeria (CBN) to conduct Risk Based Supervision (RBS) in its insured financial institutions. RBS is a comprehensive, formally structured system that assesses risks within the financial system, giving priority to the resolution of those risks.NDIC