Heritage Bank
JUST IN: We will pay Heritage Bank customers within one week – NDIC MD
The Nigerian Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank it was already in the process of paying them.
The Managing Director of NDIC, Bello Hassan, stated this at a briefing where he outlined the processes of repayment, insisting that the corporation will not take 30 days as stipulated by law but will settle customers within one week.
The Nation reported that the Central Bank of Nigeria (CBN) on Monday, June 4, revoked the banking licence of Heritage Bank.
READ ALSO:
According to the CBN, the decision was due to the bank’s inability to improve its financial performance.
“The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability,” the CBN said.
However, the apex said Heritage Bank had not improved and “has no reasonable prospects of recovery”, thereby making revoking the licence the next necessary step.
2027: Sanwo-Olu, Fashola, Ambode Join Lagos APC Campaign Council The Lagos State chapter of the…
Anambra Debt Row: Presidency Challenges Peter Obi as State Releases N127.4bn Loan Records The controversy…
South African Woman Jailed 25 Years for Smuggling 5.75kg Heroin into Nigeria A Federal High…
Adunni Ade Reveals Christian Fans Unfollowed Her After Publicly Identifying as Muslim Nollywood actress Adunni…
Jetour Set to Storm Abuja Show with Rugged Luxury T2 Abuja is set for…
FG Targets 95% NIN Coverage by December 2026 The Federal Government is targeting 95 per…