NDIC Says Over N106bn Paid to Heritage Bank Depositors

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NDIC Says Over N106bn Paid to Heritage Bank Depositors

ABUJA — The Nigeria Deposit Insurance Corporation has paid more than N106 billion to depositors of the defunct Heritage Bank, whose licence was revoked in June 2024. Over N55 billion was paid in insured deposits of up to N5 million, and N51 billion from asset sales and debt recovery was paid as liquidation dividends. The corporation said some claims are delayed by missing BVNs, KYC problems and name mismatches.

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