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The Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of ₦24.3 billion for depositors of Heritage Bank Limited, which was liquidated on June 3, 2024.
This payment is for depositors with balances above the statutory insured limit of ₦5 million.
The second liquidation dividend is payable at a rate of 5.2 kobo per ₦1.00 on outstanding balances. This brings the cumulative liquidation dividend declared to date to 14.4 kobo per ₦1.00. Payments will be made automatically to eligible depositors using their Bank Verification Numbers (BVN).
According to a release, depositors without alternative bank accounts or BVNs should visit the nearest NDIC office or complete the e-claim form for prompt processing.
The NDIC was appointed as Liquidator of Heritage Bank Limited after the Central Bank of Nigeria revoked the bank’s license.
The Corporation has been working to recover assets, dispose of physical assets, and realize investments to enable further reimbursement to eligible depositors.
The NDIC assures the public that this payment represents only the second liquidation dividend and that additional payments will be made subject to the realization of assets and collection of outstanding debts.
The Corporation further assures that it remains committed to the timely recovery of all outstanding obligations and the prompt reimbursement of depositors.
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