Defunct Heritage Bank: NDIC pays a maximum of N5 million to customers
The Nigeria Deposit Insurance Corporation (NDIC) has begun disbursing a maximum of N5 million to each depositor affected by the closure of Heritage Bank. This payment process utilizes Bank Verification Numbers (BVN) as a means to identify and locate depositors’ alternate accounts in other financial institutions. This initiative follows the Central Bank of Nigeria’s (CBN)…
