The Nigeria Deposit Insurance Corporation (NDIC) has announced that 82.36% of insured deposits belonging to customers of the defunct Heritage Bank have been successfully disbursed.
However, 17.64% of insured deposits remain unpaid due to unresolved issues such as Post No Debits (PND) instructions, lack of Bank Verification Numbers (BVN), and accounts exceeding Know Your Customer (KYC) deposit limits.
The NDIC is actively reaching out to affected depositors for verification through phone calls and text messages.
Depositors are encouraged to visit NDIC offices or complete verification online at the NDIC’s website.
For depositors with uninsured amounts exceeding the maximum insured limit of N5 million, the NDIC is working to pay these balances through liquidation dividends, which will be distributed after recovering debts and realizing the bank’s assets.
The NDIC assures the public that all other banks remain stable and that depositors’ funds are secure.
The Corporation’s efforts follow the Central Bank of Nigeria’s revocation of Heritage Bank’s license on June 3, 2024, after which the NDIC was appointed as liquidator.
The NDIC has been commended for its swift response, having begun disbursements within four days of the bank’s closure, using BVN-linked accounts to streamline payments.