10 results
- 27 Apr 2025
NDIC Begins Payment of N46Bn to Heritage Bank Depositors
Nigeria Deposit Insurance Corporation (NDIC) has said that it has commenced the payment of N46.6 billion from liquidation dividends to depositors of the defunct Heritage Bank. Hawwau Gambo, acting…
- 9 Nov 2025
NDIC Now Better Positioned to Prosecute Parties at Fault for Bank Failure
Nigeria Deposit Insurance Corporation (NDIC), has said its laws are now stronger and more effective to carry out its bank liquidation mandate. This is contained in a statement issued by Hawwau Gambo,…
- 16 Oct 2025
NDIC Says Depositors Must Get up to N5m after Bank Collapse
Nigeria Deposit Insurance Corporation (NDIC) has reassured depositors, especially small savers and traders, that their money is protected with compensation of up to N5 million in the event of a bank…
- 9 Feb 2026
NDIC Says No Customer Loses Deposits in Failed Banks
Nigeria Insurance Deposit Corporation (NDIC) has guaranteed customers of insured commercial banks prompt recovery of their deposits in the event of risk liability or liquidation. In addition, the…
- 27 Jan 2026
NDIC Seeks EFCC's Support to Trace, Recover Assets of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to strengthen collaboration to enhance the investigation and prosecution of offences…
- 30 Mar 2025
Uninsured Depositors of Heritage Bank to Receive Liquidation Dividends In April – NDIC
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 15 Apr 2026
NDIC Seeks Court Nods to Liquidate 89 Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) said that it has commenced the process of liquidating 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs). This followed their…
- 30 Mar 2025
NDIC Fixes April as Time Uninsured Depositors of Heritage Bank will Receive Liquidation Dividends
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 27 Jul 2025
Edun, Finance Minister Inaugurates NDIC New Management
Mr Wale Edun, minister of Finance and coordinating minister of the Economy, has inaugurated Mr Thompson Oludare Sunday, new managing director/chief executive officer of the Nigeria Deposit Insurance…
- 11 Jan 2026
NDIC Declares Second Liquidation Dividend for Heritage Bank Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of ₦24.3 billion for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the…