Liquidation Dividend: NDIC pays ₦46.6bn To Depositors Defunct Heritage Bank

Liquidation Dividend: NDIC pays ₦46.6bn To Depositors Defunct Heritage 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 […]

April 28, 2025 24 5

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Economy

NDIC Urges Legal Practitioners to Aid Debt Recovery

By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC), has urged legal practitioners to support its efforts in recovering debts and realizing assets from failed banks to strengthen the country’s financial system. Speaking at the 2024 Sensitisation Seminar for External Solicitors in Abuja, NDIC’s Managing Director, Hassan Bello, emphasized that debt recovery is crucial to the Corporation’s mandate. Represented by the Head of Litigation, Ramatu Abdullahi, Bello, stressed the need […]

February 27, 2025 23 20 6

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Economy

Introduce Deposit Insurance module into curriculum, NDIC Tells ICAN

Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has called for the introduction of Deposit Insurance module into the curriculum of the Institute of Chartered Accountants of Nigeria (ICAN), examinations. This is according to the Managing Director and Chief Executive Officer of NDIC, Bello Hassan, who says this initiative is essential to enhance understanding of the Deposit Insurance Scheme among ICAN members, who represent a significant portion of potential bankers […]

January 27, 2025 15 17 3

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