The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent of the insured deposits still pending payment mainly belong to depositors with accounts that have Post-No Debits instructions or lack a Bank Verification Number. …

The House of Representatives has pledged its commitment to engage with relevant stakeholders to ensure the safety of depositors’ funds with Heritage Bank, following the revocation of the bank’s operating licence by the Central Bank of Nigeria (CBN) on Monday. In a statement issued by its spokesman, Hon. Akin Rotimi, the House said it was aware of the revocation of …