Heritage Bank and NDIC are rolling out a N46.6bn payout to top depositors of Skye Bank. This payout is a key part of the resolution process following Skye Bank’s collapse, aiming to compensate creditors and settle debts.
- Heritage Bank and NDIC initiate N46.6bn payout.
- Focus on settling debts owed to defunct Skye Bank depositors.
- Aimed at stabilising the banking sector and protecting creditors.
This payout marks a significant effort in restoring confidence in Nigeria’s banking sector. While it will ease financial burdens for creditors, it also raises questions about the long-term impact of such resolutions on the sector's stability.
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