The Nigeria Deposit Insurance Corporation, NDIC, says it has paid 82.36 per cent of depositors with above N5 million as insured sum in the defunct Heritage Bank.
The Director of Communication and Public Affairs, Bashir Nuhu, in a statement on Sunday, said that the step underscored the corporation’s commitment to safeguarding depositors’ funds.
Mr Nuhu noted that payments commenced within four days of the bank’s closure.
According to him, the direct payment method marked a historic shift in the NDIC’s approach to reimbursing depositors promptly.
He said that while the majority of insured deposits had been paid, the NDIC was working to reach the remaining 17.64 per cent of insured depositors.
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