Heritage Bank depositors to receive first tranche of liquidation dividends in April

Depositors at the defunct Heritage Bank with balances exceeding the N5 million insurance cap are set to begin receiving partial refunds in April, according to the Nigeria Deposit Insurance Corporation (NDIC).

The development follows months of uncertainty for customers who held significant balances at the lender before its abrupt closure.

The Central Bank of Nigeria (CBN) revoked Heritage Bank’s banking licence on 3 June 2024, citing concerns about the bank’s financial condition….