Depositors of Heritage Bank (in liquidation) are set to receive their insured deposits starting this week, as announced by Mr. Bello Hassan, the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), during an ongoing press conference in Abuja.
Hassan stated that over 99 percent of the 2.3 million depositors have N5 million or less in their accounts and will be paid in full.
Related News: How Heritage Bank Customers Will Get ₦5m Insured Funds — NDIC
However, for the approximately 4,000 depositors with balances exceeding N5 million, they will initially receive N5 million, with further payments to follow as the NDIC recovers assets and loans from debtors of the bank.
Further details will be provided in due course.
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