The Nigeria Deposit Insurance Corporation (NDIC) will declare the first liquidation dividend for uninsured depositors of Heritage Bank in April.
The Acting Head of Communication & Public Affairs, NDIC, Hawwau Gambo, confirmed this announcement in an official statement released yesterday.
According to the statement, the payment will follow a pro-rata basis, aligning with Section 72 of the NDIC Act 2023.
This section prioritizes settling deposit liabilities before addressing other financial obligations when an insured institution fails in Nigeria.
The NDIC emphasized significant progress in recovering Heritage Bank’s assets and debts, facilitating the planned dividend payout successfully.
