The Nigeria Deposit Insurance Corporation (NDIC) has assured that the depositors of the defunct Heritage Bank in liquidation will begin to receive the insured deposits this week.
The NDIC also disclosed that from preliminary findings, there are about N650 billion deposits, and about N700 billion loans, stressing that these figures could go up as the scrutiny of the bank’s records continues.
This was disclosed on Wednesday by Mr Bello Hassan, Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) while addressing the press on the liquidation of Heritage Bank in Abuja.
Mr Hassan highlighted that there are 2.3 million depositors of the defunct Heritage Bank, and 99.9 per cent of the depositors have their balances of less than N5 million.
He urged all bank customers to continue their legitimate businesses, assuring that the banking system is sound and safe.
… Details later
Also read: How Heritage bank customers will get ₦5m insured funds — NDIC
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