Customers of the liquidated Heritage Bank Plc gathered at the bank’s headquarters in Lagos on Wednesday, to seek clarification on the beginning of their deposit payments.
But, security personnel stationed at the bank’s entrance prevented customers from entering the premises.
Addressing the customers through the gate, an official informed them that payments had begun for savings account holders and would
continue until Friday.
“You don’t need to take any action. NDIC staff are already processing payments. Your money will be transferred to your other account linked with your BVN,” the official assured.
However, corporate account holders were advised to return “next week,” leading to concerns among some who noted that BVN is typically associated with individual accounts, not companies.
The Central Bank of Nigeria (CBN) revoked Heritage Bank Plc’s licence on Monday, citing a breach of Section 12 (1) of BOFIA, 2020, and appointed the Nigeria Deposit Insurance Corporation (NDIC) as the liquidator.
NDIC Managing Director, Mr Bello Hassan, disclosed at a news conference in Abuja that 99 per cent of Heritage Bank depositors had total balances less than N5 million.
He assured that payments would start before the end of the week, with insured benefits capped at N5 million.
According to him, those with deposits exceeding N5 million would be paid after sale of the bank’s assets.
He added that payments would begin before the end of the week.
