The Nigeria Deposit Insurance Corporation, NDIC, has declared a second liquidation dividend of N24.3 billion to depositors of the defunct Heritage Bank Limited whose account balances exceeded the statutory insured limit of N5 million as at the date of the banks closure.
The declaration followed sustained asset recovery efforts by the Corporation since it was appointed liquidator after the Central Bank of Nigeria, CBN, revoked the banking licence of Heritage Bank on June 3, 2024.
