![MD/CEO of NDIC, Mr Bello Hassan has taken prompt action on the Heritage Bank case](/content/images/size/w720/2024/06/NDIC_HeritageBank_byBenDada-1.jpg)
On NDIC's disbursement of ₦650 bn to 2.3 million insured Heritage Bank depositors
The Nigeria Deposit Insurance Corporation (NDIC) has begun paying out the trapped funds of depositors at the now-defunct Heritage Bank.
On June 3, 2024, the Central Bank of Nigeria revoked the banking licence of Heritage Bank PLC (Heritage Bank) for contravening Section 12 (1) of the BOFIA 2020 constituting a