Heritage Bank: 17.6% of depositors unpaid due to verification issues

Heritage Bank: 17.6% of depositors unpaid due to verification issues

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that 17.6 per cent of Heritage Bank depositors had yet to receive payments, following the bank’s liquidation. The corporation, in a statement by its spokesperson, Bashir Nuhu, on Sunday, attributed the delay to verification issues. The Central Bank of Nigeria (CBN) on 3 June announced the revocation … Read more

Discrepancies in account names delaying Heritage Bank customers’ payment – NDIC

Discrepancies in account names delaying Heritage Bank customers’ payment – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Number (BVN) linked alternate accounts of some defunct Heritage Bank customers are delaying the payment of their insured deposits. Bello Hassan, the managing director of NDIC, told the News Agency of Nigeria (NAN) on Sunday in Abuja. Mr Hassan said the corporation … Read more

NDIC to pay heritage bank depositors up to N5m

NDIC to pay heritage bank depositors up to N5m

Following the revocation of Heritage Bank’s operating licence by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has outlined the steps it will take to ensure depositors receive their funds. The corporation assured depositors that they will be paid up to N5 million using their Bank Verification Number (BVN) to identify … Read more