The Nigeria Deposit Insurance Corporation (NDIC) has launched a national auction of landed properties and physical assets belonging to the defunct Heritage Bank, marking a critical step towards settling liquidation dividends owed uninsured depositors.
In a statement released Monday, NDIC’s Director of Communications, Bashir Nuhu, confirmed the commencement of the sales process in line with the corporation’s mandate under section 62 (1)(d) of the NDIC Act, 2023.
The Central Bank of Nigeria (CBN) on 3 June announced the revocation of the bank’s licence.
