PARIS OLYMPIC GAMES
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank and announced the fund retrieval process for customers.
Persecondnews recalls that the NDIC released a statement on Monday announcing that it has commenced the winding-up proceedings for Heritage Bank Plc following the revocation of its operating license by the Central Bank of Nigeria (CBN).
Mr. Bashir Nuhu, spokesperson for the NDIC, assured depositors with an insured amount of ₦5 million that they would get their money through alternate banks.
“Depositors of the bank with alternate accounts within the industry will be paid up to the insured amount of ₦5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account.
“While depositors with funds above ₦5 million will be paid a liquidation dividend upon realisation of the bank’s assets and recovery of debts owed to the bank,” he said.
Depositors of the defunct bank who do not have an alternate bank account in the industry are advised to follow these steps to recover their funds.
The NDIC directed that the account holders should “first visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as a driver’s license, permanent voter’s card, or national identity card, together with their alternate account and Bank Verification Number (BVN) for the verification of their deposits and subsequent payment of insured sums.
“Or file online claims by visiting the NDIC website claims page on www.ndic.gov.ng/claims/claims, download and fill out the claims forms, and upload the required documentation.
“The second step is the verification and payment of creditors. Creditors are advised to visit the nearest branch of the bank to file their claims, or via the online platform. Please note that the process of payment of creditors will commence immediately after all depositors have been paid.
“Lastly is debtors’ repayment of loans: Debtors who have yet to repay loans are advised to contact the corporation’s Asset Management Department (AMD). Visit the NDIC website for more details,” the spokesman also said.
NDIC reaffirmed its commitment to protecting depositors’ funds in all licensed banks, ensuring their safety and security.
Depositors are encouraged to continue banking with confidence as banks with valid licenses remain stable and secure, he said.
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