By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: NDIC Pays N5m Each to 82.36% of Defunct Heritage Bank Customers
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | NDIC Pays N5m Each to 82.36% of Defunct Heritage Bank Customers

Business

NDIC Pays N5m Each to 82.36% of Defunct Heritage Bank Customers

Olaitan Sodiq
Olaitan Sodiq
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
NDIC Pays N5m Each to 82.36% of Defunct Heritage Bank Customers | Daily Report Nigeria
SHARE

 

The Nigeria Deposit Insurance Corporation (NDIC) has disbursed N5 million each to 82.36% of the total customers of the defunct Heritage Bank. This move comes after the Central Bank of Nigeria (CBN) revoked the banking license of Heritage Bank Plc due to persistent financial instability and regulatory breaches.

According to a statement signed by the Director, Communication and Public Affairs, Bashir Nuhu, the NDIC began payment of the insured deposits four days after the liquidation. The corporation used Bank Verification Numbers (BVN) as a unique identifier to locate depositors’ alternate accounts in other banks.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The statement read in part, “In the discharge of its deposit guarantee mandate, the Corporation began the payment of the insured deposits of N5m maximum per depositor within a record time of four days of the bank closure.”

The NDIC noted that 17.64% of the insured deposits still pending payment mainly belong to depositors with accounts that have Post-No Debits instructions or lack a Bank Verification Number.

For depositors with more than N5m, the remaining balances (classified as uninsured deposits) will be paid as liquidation dividends upon realization of the defunct bank’s assets and recovery of debts owed to the defunct bank.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Bank Verification NumberCBNHeritage BankInsured DepositsNDIC
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Federal Gov't Hands Over Houses to 1994 Super Eagles Heroes After 31 years | Daily Report Nigeria
Federal Gov’t Hands Over Houses to 1994 Super Eagles Heroes After 31 years
Sports
Transfer : Super Eagles Forward Moses Simon Seals €7m Move to Paris | Daily Report Nigeria
Transfer : Super Eagles Forward Moses Simon Seals €7m Move to Paris
Sports
Faulty Seat Blamed for Air India Crash | Daily Report Nigeria
Faulty Seat Blamed for Air India Crash
News
JUST IN: Al-Nassr Part Ways with Coach Stefano Pioli | Daily Report Nigeria
JUST IN: Al-Nassr Part Ways with Coach Stefano Pioli
Sports
PDP Reinstates Anyanwu, Cancels NEC Meeting After INEC Warning | Daily Report Nigeria
PDP Reinstates Anyanwu, Cancels NEC Meeting After INEC Warning
Politics

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

GTBank Website Hack: Bank Allays Fears, Says Customer Data Safe | Daily Report Nigeria
Business

GTBank Website Hack: Bank Allays Fears, Says Customer Data Safe

June 14, 2025
NCC approves MTN’s disconnection of company providing Int’l interconnect services | Daily Report Nigeria
Business

NCC approves MTN’s disconnection of company providing Int’l interconnect services

June 9, 2025
Bread Makers Announce Nationwide Strike | Daily Report Nigeria
Business

Bread Makers Announce Nationwide Strike

June 7, 2025

Dollar To Naira Black Market Exchange Rate For Today April 25, 2023

June 7, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?