The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved. Mr Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos. The theme of the conference is: … Read more
The Nigeria Deposit Insurance Corporation (NDIC) has initiated the auction process for the landed properties and chattels of Heritage Bank, as part of efforts to ensure the timely distribution of liquidation dividends to uninsured depositors of the failed bank. This action, as stated by NDIC spokesperson Bashir Nubu, is in line with the Corporation’s legal … Read more
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has disbursed N5 million each to 82.36% of the depositors of the now-defunct Heritage Bank. However, 17.64% of the insured deposits are still pending, primarily due to issues such as Post-No Debit instructions on accounts or missing Bank Verification Numbers (BVNs). EKO HOT BLOG reports … Read more
The Nigeria Deposit Insurance Corporation (NDIC) has advised students practice financial discipline at all times and embrace saving money. Eko Hot Blog reports that they were also advised to exercise caution regarding financial fraud, which primarily happens through internet banking, point-of-service employees, and other channels because of avarice and a desire to gain low-cost profits. … Read more
The EFCC chairman said the directive, which was aimed at clearing “the rot that permeates the nation’s banking sector” The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, on Monday said the anti-graft agency’s directive to bankers to declare their assets was not to witch-hunt them but to save Nigeria from another … Read more