Depositors of Heritage Bank (in liquidation) will be paid their insured deposits starting from this week.
The Managing Director (MD) of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, disclosed this at an on-going press conference, in Abuja.
According to him, over 99 percent of the 2.3 million depositors have N5 million and less in their accounts and will therefore be paid in full.
Hassan further explained that only about 4000 depositors have above N5 million in their accounts.
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For such customers, according to him, will receive an initial N5 million along with others and later be paid more as the NDIC recovers assets of the bank and loans from debtors.
Details later…