The Nigeria Deposit Insurance Corporation (NDIC)has commenced the liquidation of Heritage Bank Plc following the revocation of the licence of the bank by the Central Bank of Nigeria (CBN)Monday, June 3, 2024 and the appointment of the NDIC as liquidator. This process is in pursuant to Section 12(2) of BOFIA, 2020.The Corporation has therefore announced to depositors of the bank in particular and the banking public in general, as follows:
- The NDIC has Commenced the Liquidation of Heritage Bank Plc:
In accordance with Section 55 sub-section 1 & 2 of the NDIC Act 2023, the Corporation has commenced liquidation process of the failed bank with immediateverification and payment of insured deposits to the bank depositors.
Depositors of the bank that have alternate account within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate their alternate account, while depositors with funds in excess of N5 million will be paid liquidation dividend upon realization of the bank’s assets and recovery of debts owed to the bank.
- Verification and Payment of Depositors Without Alternate Bank Account:
All depositors of the defunct bank without alternate bank account in the industry are advised as follows:
- Visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as driver’s licence, permanent voter’s card, 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.
Alternative, the depositors of the defunct bank canfile online claim by visiting the NDIC website claims page on www.ndic.gov.ng/claims/claims, download and fill the claims forms and upload the required documentation.
- Verification and Payment of Creditors:
Creditors are also advised to visit the nearest branch of the bank to file their claims or via the online platform. However, process of payment of creditors will commence immediately after all depositors have been paid.
- Debtors’ Repayment of Loans:
Debtors that are yet to complete the repayment of loans are advised to contact the Corporation’s Asset Management Department (AMD).
The NDIC has assured the entire banking public of its commitment to the continued safety of depositors’ funds in all licensed banks. As such, depositors are urged to continue their banking businesses without fear as banks whose licences have not been revoked remain safe and sound.