NDIC Declares ₦24.3bn Second Liquidation Dividend for Depositors
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared a ₦24.3 billion second liquidation dividend for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the statutory insured limit of ₦5 million at the time the bank was closed. In a statement issued on Sunday, the Corporation said the second tranche […]
Avoid Ponzi Schemes, Save Safely -NDIC Warns Nigerians
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has issued a fresh warning to Nigerians against falling victim to Ponzi schemes and fraudulent investment platforms. It stresses that only funds kept in licensed and insured financial institutions are protected. The caution was delivered during the NDIC Special Day at the 20th Abuja International Trade […]