The process of liquidating Heritage Bank Plc by the Nigeria Deposit Insurance Corporation (NDIC) has begun.
This was stated in a statement released by the depositors’ money insurer on Monday, not long after the Central Bank of Nigeria (CBN) canceled Heritage Bank’s commercial bank license.
NDIC spokesperson Bashir Nuhu reassured depositors that anyone with up to ₦5 million insured sums with the closed bank would get their monies in full.
“Depositors of the bank who have other accounts in the industry will receive payments up to the insured amount of ₦5 million each, provided that they can locate their alternate account using their Bank Verification Number (BVN).”
“While depositors with funds above ₦5 million will be paid liquidation dividend upon realization of the bank’s assets and recovery of debts owed to the bank,” the statement partly read.
Procedure For Application Of Refund
All depositors of the defunct bank without an alternate bank account in the industry are advised as follows starting with any of the applicable Option 1.
1(a). Visit the nearest branch of the bank with proof of account ownership, and verifiable means of identification such as a driver’s license, permanent voter’s card, and National Identity Card, together with their alternate account and Bank Verification Number (BVN) for the verification of their deposits and subsequent payment of insured sums.
1(b). File online claims by visiting the NDIC website’s claims page at www.ndic.gov.ng/claims/claims, downloading and filling out the claims forms, and uploading the required documentation.
2. Verification and Payment of Creditors. Creditors are advised to visit the nearest bank branch to file their claims or via the online platform. Please note that the creditors’ payment process will commence immediately after all depositors have been paid.
3. Debtors’ Repayment of Loans: Debtors who have yet to repay loans are advised to contact the Corporation’s Asset Management Department (AMD). Visit the NDIC website for more details.
“The NDIC wishes to assure the entire banking public of its commitment to the continued safety of depositors’ funds in all licensed banks. As such, depositors are urged to continue their banking businesses without fear as banks whose licenses have not been revoked remain safe and sound,” the statement concluded.
Please comment and share this article, & Follow us on our social media handles.
WhatsApp Channel
Telegram Channel
