• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 1, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

NDIC commenced payment of ₦46.6b as first tranche of liquidation dividends to depositors with funds above insured limit

Ezechukwu Malachy by Ezechukwu Malachy
April 28, 2025
in Business
0
NDIC commenced payment of ₦46.6b as first tranche of liquidation dividends to depositors with funds above insured limit
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A liquidation dividend represents amount paid by the Corporation to depositors of a closed bank, in excess of the maximum insured limit, from the proceeds of sales of assets and recovery from the debtors of the failed bank. It also includes amounts paid to creditors and shareholders after all depositors have been fully paid.

In its continued commitment to ensuring that depositors of the defunct Heritage Bank are fully reimbursed, the Nigeria Deposit Insurance Corporation (NDIC) has declared first tranche of liquidation dividends totaling ₦46.6 billion from the proceeds of sales of the defunct bank’s assets and recovery of debts owed to the defunct institution. 

According to a press release by the Ag. Head, Communication & Public Affairs, Hawwau Gambo the payment of the first tranche of the liquidation dividends commenced on Friday April 25, 2025. This initial dividend payment was at the rate of 9.2 kobo per Naira on a pro-rata basis to the depositors whose account balances exceeded the NDIC’s maximum insured limit of ₦5.0 million as at the time of the bank’s closure.

It will be recalled that following the revocation of the Heritage Bank’s operating license by the Central Bank of Nigeria (CBN) on June 3, 2024, the NDIC promptly began reimbursing insured deposits of up to N5 million per depositor.  To ensure seamless and efficient payment process, the NDIC used the depositors’ Bank Verification Number (BVN) to locate alternate account number of depositors in other banks and automatically credited them with the insured amount. Furthermore, the Corporation leveraged the existing records used in the payment of the insured amount to facilitate the disbursement of first tranche of liquidation dividends.

Consequently, any depositor with amount in excess of N5.0 million who was paid insured amount but did not receive the payment the liquidation dividends should approach the nearest NDIC office or contact us on the telephone numbers below.

In the Meantime, depositors of the defunct banks who do not maintain alternative bank account and were not paid the insured amount, are advised to visit the nearest NDIC office or go to the claims page on the Corporation’s website, www.ndic.gov.ng to download, complete and submit deposit verification form for the payment of the insured amount and where applicable, the first tranche of their liquidation dividends. 

The Corporation wishes to reassure public that this payment represents only the first tranche of liquidation dividends. Further payments will follow as more assets of the defunct Heritage Bank are realized and outstanding debts are recovered. The NDIC remains committed to its vigorous efforts in assets recovery and ensuring all eligible depositors are reimbursed.

For further enquiries, please email at claimscomplaints@ndic.gov.ng or call the Claims Resolution Department on weekdays on the following numbers from 9:00 a.m. to 5:00 p.m.: 0810 422 0807; ‎0810 931 3326; ‎0903 819 7064; ‎0906 465 7140; ‎0903 727 3810.

Previous Post

Armed herders hijack buses, kidnap 19 passengers in Benue

Next Post

Akagburuonye offers self for service to Imolites

Next Post
Akagburuonye offers self for service to Imolites

Akagburuonye offers self for service to Imolites

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Reps commend Niger govt’s efforts to curb banditry 
News

Reps commend Niger govt’s efforts to curb banditry 

by Hassan Tanko
July 1, 2025
0

The House of Representatives has taken a significant step towards addressing the security challenges in Niger State by commending Governor...

Read moreDetails
Insecurity: Nigeria’s 800-strong Elite force ready

Insecurity: Nigeria’s 800-strong Elite force ready

July 1, 2025
2027: Atiku, Mark woo PDP leaders to embrace coalition

2027: Atiku, Mark woo PDP leaders to embrace coalition

July 1, 2025
FCTA to build new INEC HQ in Abuja

INEC to introduce new rules on review, declaration, return at elections

July 1, 2025
NNPCL announces milestone on AKK Pipeline, records 100% crude oil pipeline availability 

NNPCL announces milestone on AKK Pipeline, records 100% crude oil pipeline availability 

July 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng