NDIC begins liquidation of Heritage Bank after licence revocation

Heritage Bank

Following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank Plc’s banking license, the Nigeria Deposit Insurance Corporation (NDIC) has initiated the bank’s liquidation. The NDIC announced on Monday that it has started the immediate verification and payment of insured deposits to the bank’s depositors. In compliance with Section 12(2) of the Banks and … Read more