ndic

  1. NDIC Recovers Additional N24.3 Billion for Heritage Bank Depositors in Liquidation Process

    Nigeria NDIC Recovers Additional N24.3 Billion for Heritage Bank Depositors in Liquidation Process

    The Digest: The Nigeria Deposit Insurance Corporation (NDIC) has recovered an additional N24.3 billion from the assets of the defunct Heritage Bank, to be paid to depositors who had balances exceeding the insured limit of N5 million. This marks the second tranche of liquidation dividends...
  2. NDIC to Pay Customers of Failed Mortgage Banks N2 Million Insured Deposits Each

    Nigeria NDIC to Pay Customers of Failed Mortgage Banks N2 Million Insured Deposits Each

    The Digest: The Nigeria Deposit Insurance Corporation will pay up to N2 million in insured deposits to each customer of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, following the Central Bank's revocation of their operating licenses. Key Points: The NDIC will pay...
  3. NDIC Continues Paying Heritage Bank Depositors Despite Delays

    Nigeria NDIC Continues Paying Heritage Bank Depositors Despite Delays

    The Digest: The Nigeria Deposit Insurance Corporation (NDIC) reassured Heritage Bank depositors that it is still paying insured amounts to eligible depositors, despite delays, citing instances of incomplete information and legal issues as reasons for the delays. Key Points: The NDIC is...
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