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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the public of the safety of their deposits in all licensed banks, emphasizing that banks whose licenses have not been revoked remain secure.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.
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“Tragedy Strikes The Gospel Music Industry: Renowned Nigerian Singer Loses Life In Horrific Crash!”
The Nigerian gospel music community is in mourning following the death of talented gospel artiste Joshua Acheme Edache, widely known as Nutty Josh, who passed away from injuries sustained in an accident in Abuja.....KINDLY READ THE FULL STORY HERE▶
According to Naija News, the Benue State-born singer suffered injuries at a motorcycle training school in Abuja approximately five weeks prior to his passing. Following the incident, he experienced persistent headaches and breathing difficulties. Subsequent medical examinations at the hospital revealed that he had also suffered internal injuries, leading to further medical treatment and eventually a medically induced coma. He passed away on the morning of Sunday, September 20, 2026.
Nutty Josh was celebrated for using rap, music, and storytelling to share his Christian faith and connect with audiences. He played a notable role in pioneering and growing Gospel Hip Hop in Nigeria during its formative years when the genre was striving for broader recognition.
Throughout his impactful career, he released several well-known tracks—including N.U.T.T.Y Definition, Thankful (featuring Onos), Way Maker, OMG, and Too Much—alongside notable projects like Gospel Rap Affair (GRA), Yield, and Grace & Ease, cementing his legacy within the Christian Hip Hop community.
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Do Not Erase El-Rufai’s Role In Your 2023 Election Victory – Onoh Tells Tinubu.
Denge Josef Onoh, the former Southeast spokesman for the All Progressives Congress (APC) Presidential Campaign Council, has appealed to President Bola Tinubu to embrace statesmanship and prioritize reconciliation regarding the situation of former Kaduna State Governor, Nasir El-Rufai.....KINDLY READ THE FULL STORY HERE▶
In an open letter dated September 24, 2026, and addressed to President Tinubu through Chief of Staff Femi Gbajabiamila, Onoh emphasized that El-Rufai’s foundational contributions to the APC and the 2023 presidential campaign must not be forgotten. Highlighting El-Rufai’s instrumental role in securing Tinubu’s historic election victory, Onoh stated: “We cannot quickly erase from our memories the immense, foundational role Mallam El-Rufai played in ensuring the victory of the All Progressives Congress and your historic election in 2023.”
While describing El-Rufai as rigid, intensely opinionated, and notoriously difficult to work with, Onoh noted that these same traits reflected his deep loyalty once committed to a cause. He expressed concern that some of the former governor’s associates had distanced themselves due to political considerations, but stressed that he was unwilling to remain silent.
Drawing from history, Onoh urged Tinubu to follow examples of political reconciliation, such as Julius Caesar’s clemency and former President Shehu Shagari’s 1982 pardon of Chukwuemeka Odumegwu-Ojukwu, to demonstrate that mercy and unity can heal political divisions. He argued that presidential intervention would display profound political maturity rather than weakness, warning that leaving a key architect of the current democratic dispensation isolated risks deepening national fractures.
Concluding his appeal, Onoh urged the President to choose compassion over confinement and reconciliation over retribution, ensuring the situation fosters national healing instead of division. “Please, let us get value out of this. It matters,” he added.
entertainment
I Chase People With Knife – Peller Reveals What Happens Whenever He Smokes, Drinks
Popular content creator Peller has revealed why he strictly avoids smoking, sharing a shocking past experience where drinking cocktails led him to aggressively chase people with a knife.....KINDLY READ THE FULL STORY HERE▶
According to Naija News, Peller made the confession on Tuesday night during a hangout with Nigerian rapper Ani Jeremiah, widely known as Jeriq. When Jeriq encouraged him to smoke to boost his creativity, Peller firmly turned it down, explaining that it would drastically alter his behavior and cause him to lose control.
Recalling the past incident, Peller admitted that people close to him immediately advised him never to touch cigarettes. Explaining his wild reaction, he said: “I no dey smoke, if I dey smoke, you no go fit be with me, I go kill you. They know say if I smoke I go crazy, right? Me wey drink, ehm, cocktail, I dey pursue people with knife, you know. I swear to God. Knife? Yes. So since then, they said I should never in my life smoke.”
With those around him warning that he becomes dangerously unpredictable, the streamer maintains a strict boundary against smoking to keep himself and others safe.
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