Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors

By Babajide Komolafe 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 bank’s closure. The declaration followed sustained asset recovery efforts by the Corporation

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