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
New Leadership for Nigeria’s Banking Sector CIBN Embraces Technological Advancement and Financial Inclusion Cybersecurity Emerges as a Key Priority Eko Hot Blog reports that in a ceremonial event, Professor Pius Olanrewaju officially assumed the role of the 23rd President/Chairman of the Chartered Institute of Bankers of Nigeria (CIBN). The inauguration ceremony was presided over by … Read more