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Home Uncategorized

NDIC disburses N54.6bn to Heritage Bank depositors

JEO report by JEO report
August 8, 2025
in Uncategorized
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The Nigeria Deposit Insurance Corporation has disclosed the payment of N54.62bn to 691,418 depositors of the defunct Heritage Bank and the declaration of a liquidation dividend of 9.2 kobo per naira to uninsured depositors.

 

This was disclosed by the new NDIC Managing Director/Chief Executive, Mr Thompson Sunday, during a courtesy visit to the Central Bank of Nigeria headquarters in Abuja.

 

The Corporation also called for a joint crisis preparedness framework with the Central Bank of Nigeria.

 

The CBN had withdrawn the licence of Heritage Bank in 2024 and appointed NDIC as its liquidator.

 

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, in late July, inaugurated the new management of the NDIC at the Ministry of Finance, Abuja.

 

Speaking at the meeting with the CBN management, including the Governor of the Central Bank of Nigeria, Mr Cardoso, the NDIC MD appealed to the CBN to consider developing a joint crisis preparedness framework with the Corporation towards enhancing crisis management.

 

Cardoso, in his comments during the courtesy visit, congratulated the new Managing Director and the Executive Director of Operations of the Nigeria Deposit Insurance Corporation on their appointments and expressed optimism about deepening collaboration between the two institutions.

JEO report

JEO report

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