Nigeria, Jan. 12 -- The Nigeria Deposit Insurance Corporation has announced a second liquidation dividend of N24.3 billion for depositors of the defunct Heritage Bank whose balances were above the N5 million insured threshold at the time the lender was shut down.



The payment follows the withdrawal of Heritage Bank's operating licence by the Central Bank of Nigeria on June 3, 2024, with the NDIC appointed as liquidator under existing banking laws.

The Corporation said the latest payout will be made at a rate of 5.2 kobo for every naira of uninsured deposits.



This new tranche raises the total liquidation dividend paid so far to 14.4 kobo per naira, combining the earlier N46.6 billion disbursed in April 2025 and the newly approved ...