{"id":158986,"date":"2025-04-10T07:52:24","date_gmt":"2025-04-10T06:52:24","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april"},"modified":"2025-04-15T12:32:17","modified_gmt":"2025-04-15T11:32:17","slug":"ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april","title":{"rendered":"NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigeria Deposit Insurance Corporation, NDIC, says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April.<\/p>\n<p>The Managing Director of NDIC, Bello Hassan, made this disclosure on Wednesday at the NDIC Special Day at the ongoing 36th Enugu International Trade Fair.<\/p>\n<p>Hassan, who was represented by the South-East Coordinator of NDIC, Pamela Robert, said that NDIC was in collaboration with the CBN to maintain stability in the banking sector, enforce compliance with banking regulations and exercise effective oversight over insured deposit-taking institutions.<\/p>\n<p>He further stated that NDIC have commenced preparations to pay the first tranche of liquidation dividends this month of April.<\/p>\n<p>DAILY POST recalls that the Central Bank of Nigeria, CBN, revoked the operating licence of Heritage Bank on June 3, 2024.<\/p>\n<p>According to Hassan, the approach of paying insured deposits while concurrently realising assets and recovering loans ensured that no depositor was left behind.<\/p>\n<p>He stressed that as more recoveries were made, subsequent tranches of liquidation dividends would follow.<\/p>\n<p>\u201cOur record in bank liquidation is reassuring. NDIC has successfully declared fully liquidation dividends to depositors of 20 previously failed banks.<\/p>\n<p>\u201cThis reflects our unwavering commitment to depositor protection and our proven capacity to manage bank failures effectively.<\/p>\n<p>\u201cTherefore, I urge depositors of closed banks, particularly Heritage Bank, who have not yet received their payments, to come forward and provide necessary documentation supporting ownership of the account,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigeria Deposit Insurance Corporation, NDIC, says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April. The Managing Director of NDIC, Bello Hassan, made this disclosure on Wednesday at the NDIC Special Day at the ongoing 36th Enugu International Trade Fair. Hassan, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":158985,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[13918,1423,254],"class_list":["post-158986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-heritage-bank","tag-ndic","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Deposit Insurance Corporation, NDIC, says it would begin the payment of the first tranche of liquidation div ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Deposit Insurance Corporation, NDIC, says it would begin the payment of the first tranche of liquidation div ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T06:52:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-15T11:32:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1744259523.68976.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April\",\"datePublished\":\"2025-04-10T06:52:24+00:00\",\"dateModified\":\"2025-04-15T11:32:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april\"},\"wordCount\":263,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1744259523.68976.jpg\",\"keywords\":[\"Heritage Bank\",\"NDIC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-to-pay-first-tranche-of-liquidation-dividends-to-heritage-bank-depositors-in-april\",\"name\":\"NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April - 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