The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that 17.6 per cent of Heritage Bank depositors had yet to receive payments, following the bank’s liquidation.
The corporation, in a statement by its spokesperson, Bashir Nuhu, on Sunday, attributed the delay to verification issues.
The Central Bank of Nigeria (CBN) on 3 June announced the revocation of the bank’s licence.
CBN said Heritage Bank violated section 12 of the Banks and Other Financial Act, the CBN as it could not improve its financial performance, “a situation which constitutes a threat to financial stability”.
The NDIC said it has since reimbursed about 82.36 per cent of the total insured deposit to date.
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