NDIC Begins Sale Of Heritage Bank’s Landed Properties

NDIC Begins Sale Of Heritage Bank’s Landed Properties …C0NTINUE READING HERE >>>

In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank, the Nigeria Deposit Insurance Corporation (NDIC) has commenced process for the sale of landed properties and chattels of the defunct bank.

The exercise is pursuant to the corporation’s statutory powers as liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023. It also comes after the exercise for the sales of physical assets of the defunct bank at…

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