How Heritage Bank customers can recover their money – NDIC | read details
The Nigerian Deposit Insurance Commission, NDIC has commenced the liquidation process of failed Heritage Bank.
Trustbase News had reported that the Central Bank of Nigeria, CBN on Monday announced the withdrawal of licence from Heritage Bank for underperformance. It had also named the NDIC as the liquidator.
Following it’s appointment, the NDIC in a statement signed by the Director, Communication & Public Affairs, Bashir Nuhu, said depositors who have alternative bank accounts will get up up to the insured amount of N5million after verification with their Bank Verification Number, BVN.
Customers who have deposits above N5million, “will be paid liquidation dividends upon realisation of the bank’s assets and recovery of debts owed to the bank.”
Whereas customers who do not have alternative bank accounts are advised to “visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as driver’s license, permanent voter’s card, National Identity Card, together with their alternate account and Bank Verification Number for the verification of their deposits and subsequent payment of insured sums or file an online claim on the NDIC website”.
The statement read in part;
“Depositors of the bank that have an alternate account within the industry will be paid up to the insured amount of N5m per depositor using their Bank Verification Number to locate their alternate account. Depositors with funds in excess of N5m will be paid liquidation dividends upon realisation of the bank’s assets and recovery of debts owed to the bank.
“Verification and Payment of Depositors Without Alternate Bank Account: All depositors of the defunct bank without alternate bank account in the industry are advised to visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as driver’s license, permanent voter’s card, National Identity Card, together with their alternate account and Bank Verification Number for the verification of their deposits and subsequent payment of insured sums or file an online claim on the NDIC website.”
“The NDIC wishes to assure the entire banking public of its commitment to the continued safety of depositors’ funds in all licensed banks. As such, depositors are urged to continue their banking businesses without fear, as banks whose licences have not been revoked remain safe and sound.”
