#Bank

By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared the first tranche of liquidation dividends of ₦46.6bn from the proceeds of sales of the defunct Heritage bank's assets and recovery of debts owed to the defunct institution. 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 […]