NDIC

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of ₦46.6 billion as liquidation dividends to defunct Heritage Bank depositors who had funds more than the insured limit of ₦5 million. According to a statement signed by the NDIC Acting Head

April 27, 2025

Business·News

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

The Nigeria Deposit Insurance Corporation (NDIC) said it has repaid 86.36 per cent of customers of the defunct Heritage Bank with the use of Bank Verification Number (BVN). The Corporation said the use of BVN-linked alternate accounts of the customers facilitated prompt

August 12, 2024

Business·News

Heritage Bank: FG Opens Online Platform For Depositors To Retrieve Funds From Defunct Bank

The Nigerian Deposit Insurance Corporation (NDIC) has started the liquidation process of Heritage Bank, following the Central Bank of Nigeria’s (CBN) decision to revoke the bank’s licence. The CBN made this announcement on Monday, citing the bank’s financial instability and breach of

June 5, 2024

Business·News

NDIC, EFCC Seek Probe Of N3.6bn Fraud Linked To Ex-NDDC Director’s Bank Failures

The Economic and Financial Crimes Commission (EFCC) is joining forces with the Nigeria Deposit Insurance Corporation (NDIC) to investigate and prosecute individuals responsible for potential bank failures stemming from financial misconduct. The focus of this collaborative effort is the high-profile case involving

February 2, 2024

Business·News

NDIC Announces N61.63bn Payout To Failed Banks’ Stakeholders

The Nigeria Deposit Insurance Corporation (NDIC) plans to disburse N61.63 billion as liquidation dividends to depositors, creditors, and shareholders of 20 liquidated banks.

November 14, 2023

Business·News

NDIC Refunds N1.2bn To Depositors Of 179 Defunct Microfinance Banks

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has announced a refund of over N1.2 billion to 34,000 depositors of 179 microfinance banks whose licenses were revoked by the Central Bank of Nigeria (CBN). At the 2023 Sensitisation

November 2, 2023

Business·News

NDIC Declares N16.18 Billion Windfall From Recovered Bank Assets

The Nigeria Deposit Insurance Corporation (NDIC) has made a significant declaration, offering a glimmer of hope to depositors, creditors, and shareholders of 20 banks in liquidation. The NDIC announced the distribution of a substantial sum, amounting to N16.18 billion in liquidation dividends,

October 3, 2023

Business

NDIC Deploys Single Customer View Platform To MFBs, Gives Reasons

The Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to Microfinance Banks (MFBs) to eliminate delays often experienced in reimbursing depositors following revocation of failed MFBs licences by the Central Bank of

April 8, 2022

Editorial·News

Double Whammy In NDIC, AMCON Travesty For Banks

If the Asset Management Corporation of Nigeria (AMCON) is a going concern and would continue to buy bad loans and bad banks, what then is the need for NDIC, given the overlapping roles of both institutions?

February 7, 2022

Editorial

AMCON, NDIC Levies Erode Shareholder Value In Banks

With their varied charges and interesting games that Nigerian banks play, there is no gainsaying the fact that regulation remains central to the general economic well-being. But when weighed in a balance, how much good or damage do the Asset Management Corporation

January 31, 2022

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NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

Heritage Bank: FG Opens Online Platform For Depositors To Retrieve Funds From Defunct Bank

NDIC, EFCC Seek Probe Of N3.6bn Fraud Linked To Ex-NDDC Director’s Bank Failures

NDIC Announces N61.63bn Payout To Failed Banks’ Stakeholders

NDIC Refunds N1.2bn To Depositors Of 179 Defunct Microfinance Banks

NDIC Declares N16.18 Billion Windfall From Recovered Bank Assets

NDIC Deploys Single Customer View Platform To MFBs, Gives Reasons

Double Whammy In NDIC, AMCON Travesty For Banks

AMCON, NDIC Levies Erode Shareholder Value In Banks

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