HERITAGE Bank: NDIC Starts ₦46.6bn Liquidation Dividend Payments Exceeding Insured Limits

The Nigeria Deposit Insurance Corporation (NDIC) has begun distributing ₦46.6 billion as the initial payment of liquidation dividends to depositors whose funds exceed the insured limit. In a statement issued by Hawwau Gambo, the Acting Head of Communication & Public Affairs, the initiative aims to ensure that depositors of the now-defunct Heritage Bank receive full…

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CBN revokes license of Heritage Bank

The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank. The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement. She said: “The Central Bank of Nigeria, CBN, in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers…

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