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NDIC Announces Compensation Details For Heritage Bank Customers After License Revocation
NDIC Announces Compensation Details For Heritage Bank Customers After License Revocation....KINDLY READ THE FULL STORY HERE▶
Following the revocation of Heritage Bank’s operating license by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has detailed how customers will be compensated. NDIC Director of Communication and Public Affairs, Bashir Nuhu, released a statement outlining the process……CONTINUE READING
Payment of Insured Deposits
Depositors with alternate bank accounts in the industry will receive up to ₦5 million per depositor. This will be facilitated using their Bank Verification Number (BVN) to locate their alternate accounts. Depositors with funds exceeding ₦5 million will receive liquidation dividends once the bank’s assets are sold and debts are recovered.
Process for Depositors Without Alternate Bank Accounts
Depositors without alternate bank accounts must visit the nearest Heritage Bank branch with proof of account ownership and a verifiable means of identification (driver’s license, permanent voter’s card, National Identity Card). They can also file an online claim on the NDIC website by filling out and uploading the required documentation.
Creditors’ Claims
Creditors of Heritage Bank are advised to file their claims either by visiting the nearest branch or through the online platform. The payment process for creditors will begin after all depositors have been compensated.
Loan Repayment by Debtors
Debtors who have not completed their loan repayments should contact the NDIC’s Asset Management Department (AMD) for further instructions.
Assurance to the Public
The NDIC reassured the public of the safety of their deposits in all licensed banks, emphasizing that banks whose licenses have not been revoked remain secure.
Official Statement
“Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024, and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the Liquidator, the Corporation wishes to announce to depositors of the bank in particular and the banking public in general, as follows:
The NDIC has commenced the liquidation process of Heritage Bank Plc. Depositors of the bank with alternate accounts within the industry will be paid up to the insured amount of ₦5 million per depositor using their BVN to locate their alternate account. Depositors with funds in excess of ₦5 million will be paid liquidation dividends upon the realization of the bank’s assets and recovery of debts owed to the bank.
Depositors without alternate bank accounts should visit the nearest branch of the bank with proof of account ownership, verifiable means of identification, their alternate account, and BVN for verification of their deposits and subsequent payment of insured sums. Alternatively, they can file online claims on the NDIC website.
Creditors should file their claims at the nearest bank branch or via the online platform. The process of payment of creditors will begin after all depositors have been paid.
Debtors who have not completed loan repayments are advised to contact the Corporation’s Asset Management Department. The NDIC assures the entire banking public of its commitment to the continued safety of depositors’ funds in all licensed banks. Banks whose licenses have not been revoked remain safe and sound.”
For further inquiries, depositors are encouraged to contact the NDIC directly.
entertainment
‘Having 11 Children Won’t Be A Bad Thing’ – Nana Otedola Tells Mr Eazi And His Wife, Temi.
Nana Otedola, wife of Nigerian billionaire Femi Otedola, has expressed her support for Mr Eazi and his wife, Temi, to have eleven children. During a joint podcast appearance, Nana remarked that the couple would be well-equipped to raise such a large family as they continue to progress in their careers.....KINDLY READ THE FULL STORY HERE▶
The topic of family size arose when Nana asked her daughter, Temi, about her experience with her first pregnancy.
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Temi described the journey as “beautiful,” noting that while managing emotions and hormones can be challenging, her overall experience has been positive.
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Temi suggested she might have six or seven children due to her smooth pregnancy.
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Mr Eazi encouraged her to aim for eleven, comparing the number to a full football team.
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Supporting this vision, Nana Otedola joked that having eleven children would not be a bad idea, adding, “I know you will have a farmhouse somewhere”.
A Surprising Announcement
Nana also shared that she was initially caught off guard by the news of the couple’s first pregnancy. She explained that she had anticipated the pair would take more time to enjoy their marriage before starting a family.
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Security Breach! NBA Presidential Election Put On Ice Following Massive Online Assault.
The Electoral Committee of the Nigerian Bar Association (ECNBA) has indefinitely postponed the start of the 2026 national elections following a targeted cyberattack on its electronic voting platform. Although voting was scheduled to begin at midnight on Saturday, July 18, 2026, the exercise was halted due to a “deliberate, coordinated and sustained” attempt to compromise the system.....KINDLY READ THE FULL STORY HERE▶
The ECNBA has issued an apology to all stakeholders, including candidates, voters, and observers, for the disruption. In response to the breach, the committee’s cybersecurity experts and voting service provider have activated emergency protocols to neutralize the threat and secure the infrastructure.
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Technical teams are currently working to restore the system to ensure the election proceeds with its credibility intact.
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The voting platform is not currently accepting ballots, and no new start time has been announced.
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The portal will only be reopened once technical experts confirm the system is fully operational and safe.
Safety Precautions and Official Communication
The ECNBA has issued a stern warning to lawyers to avoid unofficial platforms, malicious links, or unauthorized messages claiming to provide access to the voting portal. Eligible voters are advised to await official communication from the ECNBA and to rely exclusively on information released through the committee’s official channels.
Despite the delay, the electoral body confirmed that the process remains under the supervision of the committee, with candidates, agents, and independent observers stationed at the designated monitoring center. Signed by Chairman Aham Ejelam (SAN) and Secretary Ibrahim Nassarawa, the statement reaffirmed the committee’s commitment to delivering a transparent and credible election once all security threats are mitigated.
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150 Days In Custody: El-Rufai’s Wife Sounds Alarm Over Deteriorating Health In Detention.
Asia Ahmad El-Rufai, a lawyer and the wife of former Kaduna State Governor Nasir El-Rufai, has issued an appeal to the international community to scrutinize her husband’s ongoing incarceration, which she characterizes as “punishment before trial”. Marking the 150th day of his detention, she urged foreign governments, international human rights organizations, and multilateral groups to monitor the legal proceedings, arguing that his continued imprisonment threatens Nigeria’s democratic foundations.....KINDLY READ THE FULL STORY HERE▶
Asia highlighted the severe physical and emotional impact the five-month detention has had on her husband and family, noting the loss of family milestones and access to proper medical care. She specifically alleged that the former governor suffered serious health crises while in custody, including bleeding from his nose and mouth, and claimed that authorities were hesitant to provide adequate medical attention or accept prescribed medication from his family.
She further asserted that this treatment has extended to her husband’s associates, specifically citing the prolonged detention and solitary confinement of Joel Adoga, the health deterioration of Jimi Lawal, and the difficult bail conditions imposed on his personal physician, Professor Abubakar Bello.
Allegations of “Lawfare” and Political Persecution
Asia argued that the legal proceedings against her husband are intentionally confusing and punitive, involving overlapping charges, duplicated claims, and shifting legal arguments across multiple courts. She alleged that authorities are using the judicial system as a political weapon—a practice she termed “lawfare”—to keep him detained regardless of bail conditions.
She contends that her husband’s predicament stems from his political rupture with President Bola Tinubu’s administration and his departure from the All Progressives Congress (APC). While she emphasized that she does not seek special treatment or immunity from investigation, she insisted that any such process must be transparent, impartial, and compliant with constitutional safeguards.
An Appeal to International and Domestic Authorities
Directly addressing President Tinubu, Asia cautioned that history is often critical of leaders who use their power to silence critics. She urged the President to allow the judiciary to operate independently and fairly. Furthermore, she called on Nigeria’s diplomatic and development partners to ensure that international support for Nigerian institutions does not inadvertently facilitate the suppression of political opposition.
“Nigeria’s friends must understand that this case is larger than Nasir El-Rufai,” Asia stated, noting that the situation raises broader questions regarding judicial independence and whether citizens can remain protected by law after falling out of political favor. She concluded by requesting that her husband be granted proper access to his legal team, doctors, and family to address any credible allegations against him in an open, fair court.
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