The Nigeria Deposit Insurance Corporation (NDIC) has
started payment of N46.6 billion in liquidation dividends to depositors of the
defunct Heritage Bank.
This is contained in statement on Sunday by Hawwau
Gambo, Acting Head, Communication and Public Affairs.
She said the funds were realised from sales of the
bank’s assets and recovery of debts owed.
Gambo explained that a liquidation dividend is paid to
depositors of a closed bank, beyond the maximum insured limit, using proceeds
from asset sales and debt recovery.
She added that liquidation dividends may also cover
payments to creditors and shareholders once all depositors have been fully
reimbursed.
The NDIC began payment of the first tranche of
liquidation dividends on April 25.
According to Gambo, the initial dividend is paid at
9.2 kobo per Naira on a pro-rata basis to depositors with balances above N5
million.
She noted that further payments would be made as more
assets of the defunct bank are realised and outstanding debts recovered.
Following the revocation of Heritage Bank’s licence by
the Central Bank of Nigeria (CBN) on June 3, 2024, NDIC immediately reimbursed
insured deposits up to N5 million.
To ensure a seamless process, NDIC used depositors’
Bank Verification Numbers (BVN) to locate alternate accounts and automatically
credit the insured amounts.
The Corporation also used existing records from
insured payments to disburse the first tranche of liquidation dividends.
“Depositors with balances exceeding N5 million who did
not receive their liquidation dividends should visit the nearest NDIC office.
“Depositors without alternative bank accounts, who
were not paid the insured amount, should also visit NDIC offices or download
forms from www.ndic.gov.ng.
“Depositors must complete and submit a deposit
verification form to receive their insured amounts and, where applicable, the
first tranche of dividends,” Gambo said.
She reiterated NDIC’s commitment to ensuring the
recovery of assets and the reimbursement of all eligible depositors.
Comments:
Leave a Reply