The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the payment of N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct Heritage Bank, targeting those with account balances above the insured limit of N5 million.
In a statement issued on Sunday, the NDIC said the payment began on Friday, April 25, 2025, following the recovery of proceeds from the sale of Heritage Bank’s assets and outstanding loans.
The Corporation noted that the payment represented a major step in its ongoing commitment to fully reimburse all depositors affected by the bank’s
“In its continued commitment to ensuring that depositors of the defunct Heritage Bank are fully reimbursed, the Nigeria Deposit Insurance…
