NDIC plans auction of Heritage Bank assets to recover funds for depositors

NDIC plans auction of Heritage Bank assets to recover funds for depositors

The Nigeria Deposit Insurance Corporation has announced plans to sell off properties and assets belonging to the defunct Heritage Bank in a bid to recover funds for uninsured depositors. This move, which the NDIC describes as crucial, is part of its statutory mandate as the liquidator of failed banks under Section 62(1)(d) of the NDIC

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