NDIC Completes ₦54.62 Billion Heritage Bank Payout as Liquidation Progresses

The Nigeria Deposit Insurance Corporation (NDIC) has concluded the disbursement of ₦54.62 billion to 691,418 depositors of the defunct Heritage Bank. The payout comes less than a year after the Central Bank of Nigeria (CBN) revoked Heritage Bank’s operating license, citing regulatory breaches and insolvency concerns. With the latest disbursement, NDIC has closed a key

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