• About
  • Advertise
  • Careers
  • Contact Us
Thursday, June 26, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Heritage Bank: NDIC Hints on Requirements, Steps to Recover Your Fund

by Adetunji Tobi
June 5, 2024
in Finance
0
Heritage Bank operating license revoked by CBN and NDIC
Heritage Bank operating license revoked by CBN

Heritage Bank operating license revoked by CBN

UBA
Advertisements

It is no more news that the Nigeria Deposit Insurance Corporation (NDIC), in exercise of its statutory power as the official Liquidator of Heritage Bank Plc, on June 2 commenced the liquidation process of the failed bank with immediate verification and payment of insured deposits to the bank.    

According to NDIC, the depositors can recover funds deposited in the failed bank through various routes and processes earmarked below.

The process includes but not limited to:

1. Verification and Payments of Depositors with Alternate Bank Account

Accordingly, depositors of the Bank that have alternate account within the industry will be paid up to the insured amount of N5 million per depositor using their Bank Verification Number (BVN) to locate account.

While depositors with funds in excess of N5 million will be paid liquidation dividend upon realization of the bank’s assets and recovery of debts owed to the bank.

2. Verification and Payment of Depositors Without Alternate Bank Account

According to NDIC, All depositors of the defunct bank without alternate bank accounts in the industry are advised as follows:

i. Visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as; driver’s license, permanent voter’s card, National Identity Card, together with their alternate account and Bank Verification Number ( BVN) for the verification of their Deposit and subsequent payment of insured sums.

Or

ii File online claim by visiting the NDIC website claims page, download and fill the claims forms and upload the required documentation.

3. Verification and Payment of Creditors 

According to NDIC, Creditors are also advised to visit the nearest branch of the (Heritage) bank to file their claims or via the online platform .

Note that the process of payment of creditors will commence immediately after all depositors have paid.

4. Debtors’ Repayment of Loans

Meanwhile, Debtors that are yet to complete the repayment of loans are advised to contact the Corporation’s Asset Asset Management (AMD).

Loading

Advertisements
MTN ADS

Author

  • Adetunji Tobi
    Adetunji Tobi

    Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

    View all posts
0Shares
Tags: Heritage BankNDIC
Adetunji Tobi

Adetunji Tobi

Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

Next Post
Zone Co-founders: Obi Emetarom and Wale Onawunmi

Zone Introduces Decentralized PoS Payment Gateway

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

ALX Enugu Fellowship Town hall meeting

ALX: Digital Producers Benefit Most in the Digital Reward System – Edoga

2 years ago
A Look at Recent Innovations in the Healthcare Sector

A Look at Recent Innovations in the Healthcare Sector

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.