The Nigeria Deposit Insurance coverage Company, NDIC, says plans are ongoing to pay depositors of the defunct Heritage Financial institution whose deposits exceed N5 million.
The Managing Director of NDIC, Bello Hassan stated this on the 2024 workshop for Monetary Correspondents Affiliation of Nigeria, FICAN, in Lagos on Thursday.
He stated the Company was working to make sure that the depositors who had above N5 million with the financial institution acquired paid by the liquidation dividends.
Mr Hassan stated the Company had additionally commenced debt restoration to make sure the cost.
”We’re making concerted effort to cowl the property by way of bodily property and money owed in liquidation dividends which have already commenced,” he stated.
On cost of insured deposits to depositors of the defunct financial institution, he stated the Company had paid considerably all insured depositors.
”The one group of insured depositors that we now have not paid are these with no alternate account and haven’t come ahead to offer the alternate account in order that we will pay them.
”Additionally, insured depositors whose account is on publish no debit order both by order of courtroom or by regulatory businesses on account of points round fraud and Know-Your-Buyer (KYC) haven’t been paid.
”As soon as these orders are vacated, we’re going to pay them,” he stated.
Mr Hassan assured that the Company would proceed to do all inside its mandate to make sure stability within the monetary system.
He stated that confidence was key in sustaining stability within the monetary system.
The NDIC had in an advertorial listed the property of the defunct financial institution nationwide on the market.
The NDIC had introduced the sale of the defunct financial institution properties and chattel, together with autos, workplace gear and equipment in 62 places throughout the nation.NAN
