NDIC to begin payment of Heritage Bank depositors – Official

The Nigeria Deposit Insurance Corporation (NDIC) says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation within the week.

The Managing Director of NDIC, Bello Hassan, said this while briefing journalists in Abuja on Wednesday.

This comes two days after the Central Bank of Nigeria (CBN) announced the revocation of the bank’s licence.