Nigeria NDIC Puts Heritage Bank's Head Office, Branches Up for Sale After License Revocation

NDIC lists Heritage Bank's head office and branches for sale nationwide following its license revocation. Bids open for 48 properties and chattels across 62 locations.

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the sale of Heritage Bank's assets following the bank's license revocation. In an advertorial published in The PUNCH, NDIC listed 48 properties and chattels across 62 locations nationwide, inviting public bids.

This includes Heritage Bank's head office in Lagos and various branches. NDIC aims to recover assets after liquidating the bank due to financial instability, prompting scrutiny and a CBN-led investigation into the bank's management.