NDIC: We’ve Paid Heritage Bank Depositors N5m Sum Insured

The Nigeria Deposit Insurance Corporation (NDIC) said it had paid depositors of liquidated Heritage Bank N5 million, being the initial insured sum.

It restated that the balance (classified as uninsured deposits) would be paid as liquidation dividends upon realisation of the defunct bank’s assets and recovery of debts owed to the bank.

The corporation confirmed the update in a statement issued on Sunday by Director of Public Affairs department, Bashir A. Nuhu. NDIC put reimbursement thus far at 82.36 per cent of the total insured deposit to date.

“This unprecedented achievement of direct payment through BVN-linked alternate accounts without the need for depositors to visit NDIC offices or fill out forms, marks a historic shift for the NDIC in the prompt reimbursement of depositors with payment of about 82.36 per cent of the total insured deposit to date,” it said.

It disclosed that the remaining 17.64 per cent of the insured deposits yet to be paid were largely depositors whose accounts had post no debits (PND) instructions or have no BVN.

It noted that others were those with no alternative accounts in other banks or accounts with KYC limit on the maximum lodgment per day and are yet to come forward for verification.

These category of depositors, NDIC said, were presently being contacted by the Corporation through telephone calls and text messages to come forward for verification.