The Nigeria Deposit Insurance Corporation (NDIC) has disbursed insured deposits of N5 million each to 82.36% of the total customers of the now-defunct Heritage Bank.
This follows the revocation of the bank’s license by the Central Bank of Nigeria (CBN) on June 3, 2024.
The remaining 17.64% of insured deposits are still pending due to issues such as Post-No Debits instructions or the lack of a Bank Verification Number (BVN) associated with the accounts.
