NDIC confirms fresh payout of N46.6 billion payout to depositors, sends important message to creditors, shareholders

• The Nigeria Deposit Insurance Corporation (NDIC) has kept to its committedness to wage Heritage Bank depositors successful April 2025
• The insurer confirmed that disbursements person been made and urged those who are yet to person outgo to lodge a complaint
• The NDIC besides sent an important connection to the creditors and shareholders of the now-defunct Heritage Bank

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

True to its earlier committedness to commence outgo of deposits supra N5 cardinal successful the now-defunct Heritage Bank, the Nigeria Deposit Insurance Corporation (NDIC) has confirmed the disbursement of N46.6 million.

In a connection issued connected Sunday by the acting Head of Communication and Public Affairs, Hawwau Gambo, NDIC confirmed the payment.

According to the statement, the outgo of the archetypal tranche of the N46.6 cardinal liquidation dividends started connected Friday, April 25, 2025.

Depositors with much than N5 cardinal deposits successful their account, archetypal received the insured N5 cardinal past year. Photo credit: Heritage Bank/CIBN
Source: Getty Images

The connection read;

“In its continued committedness to ensuring that depositors of the defunct Heritage Bank are afloat reimbursed, the Nigeria Deposit Insurance Corporation has declared the archetypal tranche of liquidation dividends totaling N46.6bn from the proceeds of income of the defunct bank’s assets and betterment of debts owed to the defunct institution.”

NDIC assures depositors' payments volition commence successful April

The NDIC precocious assured depositors that it was taking each the indispensable steps to liquidate assets belonging to the now-defunct Heritage Bank.

The insurer promised that erstwhile completed, it would commence outgo of the deposits earlier the extremity of April.

The caller disbursement of N46.6 cardinal is simply a confirmation that the NDIC is committed to keeping to its promise.

Depositors yet to beryllium reimbursed are to interaction NDIC

NDIC noted that verified slope records were utilized for the outgo and told depositors who had yet to person the archetypal tranche of their deposits to scope out, the PUNCH reports.

The connection read;

“Consequently, immoderate depositor with an magnitude successful excess of N5m who was paid the insured magnitude but did not person the outgo of the liquidation dividends should attack the nearest NDIC bureau oregon interaction america ...”

Also depositors without alternate slope accounts, oregon who are yet to person immoderate of the insured deposits astatine all, are urged to lodge a complaint with NDIC.

Click present to capable retired the ailment signifier oregon implicit a deposit verification form.

CBN revokes Heritage Bank license

On June 3, 2024, the Central Bank of Nigeria revoked the banking licence of Heritage Bank implicit regulatory infractions.

The slope had been connected the watchlist for a play of time, and had received warnings from the apex bank.

Shortly aft the revocation, the NDIC had commenced the payment of insured deposits, promptly reimbursing depositors up to the N5 cardinal insured threshold.

In the pursuing days, the NDIC instantly reimbursed depositors with deposits nether N5 million, making the outgo into their linked accounts with different banks.

The insurer confirmed that it utilized verified records from the slope to effect the payments, and traced the alternate accounts with different banks utilizing the depositors' Bank Verification Number (BVN).

For creditors whose deposits exceeded the maximum insured bounds of N5 million, they were reimbursed with the archetypal N5 million.

The NDIC urged them to beryllium diligent portion the assets of the slope were being liquidated and debts recovered earlier they would person the remainder of their deposits.

Heritage Bank ran contrary to respective regulations from the CBN successful its last months of operations. Photo credit: Heritage Bank
Source: UGC

NDIC sends connection to creditors of Heritage Bank

Meanwhile, the NDIC has besides sent a connection to shareholders and creditors of Heritage Bank.

The NDIC connection noted that the liquidation dividends would beryllium extended to paying creditors and past shareholders, aft each depositors person been afloat settled.

It added that erstwhile the adjacent tranche of liquidation dividends is available, further payments would beryllium made.

Customers with deposits supra N5 cardinal booked for April

In related news, the NDIC has promised that customers with much than N5 cardinal deposits volition yet start receiving their money backmost successful April.

Legit.ng reported that customers with little than N5 cardinal deposits person already been settled wrong days of the bank's closure.

The NDIC noted that arsenic the remainder of the bank's assets are liquidated and loans recovered, the remaining deposits volition beryllium settled successful tranches.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng