The Nigeria Deposit Insurance Corporation (NDIC), has said it would begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week. The Managing Director of NDIC, Mr Bello Hassan, said this while briefing newsmen in Abuja on Wednesday......Read The Full Article>>.....Read The Full Article>>
Hassan said the bank had preliminary deposits of N650 billion and loan worth N700 billion.
According to him, 99.9 per cent of depositors of the defunct bank have a deposit balance of less than five million naira, while only 4,000 of the depositors have more than five million naira deposit. (NAN)