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NDIC to Begin Uninsured Depositors’ Payment for Heritage Bank Customers in April

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The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin payments to uninsured depositors of the defunct Heritage Bank from April 2025. This follows significant progress in the liquidation process after the Central Bank of Nigeria (CBN) revoked the bank’s license on June 3, 2024.....KINDLY READ THE FULL STORY HERE▶

According to Hawwau Gambo, the acting director of Communications and Public Affairs at the NDIC, depositors with balances exceeding the insured limit of ₦5 million will receive their payments in liquidation dividends. These payments will be made on a pro-rata basis, in line with the NDIC’s statutory obligations.

The NDIC had already begun the liquidation of Heritage Bank, including verifying insured deposits and disposing of the bank’s assets to enable payment to uninsured depositors, creditors, and shareholders. Despite the initial insured amount of ₦5 million having been paid out, the remaining balance above this limit will now be disbursed as liquidation dividends.

NDIC has made substantial progress in asset disposal and debt recovery to ensure that depositors are compensated. The first tranche of liquidation dividends will be distributed in April 2025, following the disposal of physical assets and successful debt recovery. The corporation’s efforts to ensure transparency have been evident through widespread advertising and announcements about the asset sale process.

The NDIC emphasizes that insured depositors are being paid promptly, while creditors and shareholders will receive their liquidation dividends only after all depositors have been fully reimbursed, in accordance with the NDIC Act of 2023.

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DOUBLE AGENT CRISIS: Melaye Fires Epic Warning Over Adedeji’s Alleged Dual Roles As Tax Boss and President’s Fundraiser!.

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African Democratic Congress (ADC) chieftain Dino Melaye has strongly criticized the inclusion of Nigeria Revenue Service (NRS) Executive Chairman, Zacch Adedeji, as Deputy Director of Fundraising for President Bola Tinubu’s 2027 presidential campaign.....KINDLY READ THE FULL STORY HERE▶

Appearing as a guest on Arise Television’s Prime Time, Melaye argued that assigning campaign fundraising duties to the head of a critical national revenue agency demonstrates profound desperation and violates public service rules.

Key Objections and Legal Challenge

  • Conflict of Interest: Melaye emphasized that because the NRS chairman’s office is a Senate-confirmed position bound by statutory and public service regulations, holding a simultaneous political campaign role creates an unacceptable conflict of interest.

  • Intentions Questioned: He alleged that the arrangement suggests the initial appointment to the NRS was strategically designed to channel financial backing toward the president’s re-election bid.

  • Legal Action: Vowing to challenge the development in a court of law, Melaye stated his intention to expose what he perceives as a disregard for governance standards.

Response to Campaign List Review

Melaye also reacted to recent reports regarding the suspension and review of the campaign council roster. He claimed that the swift administrative pullback and the omission of certain names were direct reactions to public outcry and criticisms raised by opposition figures.

Would you like to explore official updates or review related portal information regarding political appointments and guidelines? You can check updates through the Arise News Portal or reference announcements via Daily Post.

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‘God Before Politics’ – Fani-Kayode Accuses El-Rufai Of Persecuting Kaduna Christians

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Former Aviation Minister and Nigeria’s former Ambassador to South Africa, Femi Fani-Kayode, has publicly criticized former Kaduna State Governor Nasir El-Rufai, alleging that his eight-year administration oversaw the systematic marginalization and mistreatment of Christian communities in the state.....KINDLY READ THE FULL STORY HERE▶

Addressing northern Christian leaders, Fani-Kayode claimed that during El-Rufai’s tenure, Christian communities faced violence, denial of developmental projects, and unequal allocation of resources. He asserted that Christian clergy members frequently endured insults and opposition regarding government policies, yet maintained a stance of prayer and non-violence.

Shifting his focus to the current administration, Fani-Kayode praised incumbent Governor Uba Sani—who previously served as a special adviser under El-Rufai—describing him as fair-minded and inclusive. According to Fani-Kayode, Sani had privately expressed deep concern over the previous administration’s approach toward religious groups in the state.

Furthermore, Fani-Kayode alleged that El-Rufai’s former deputy, Barnabas Bala Bantex, was also undermined and disrespected because of his faith during cabinet sessions. Concluding his remarks, Fani-Kayode emphasized that principles of fairness and spiritual duty must always transcend partisan politics.

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Inside Oshiomhole’s Warning: Why Hope Uzodinma Is The Wrong Man To Sell The APC Government to Ndigbo!

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Former Edo State Governor and current Senator Adams Oshiomhole has clarified that Imo State Governor Hope Uzodimma should not bear the sole responsibility of championing President Bola Tinubu and his administration across the South-East region.....KINDLY READ THE FULL STORY HERE▶

Speaking during a television interview on Sunday, Oshiomhole addressed broader political engagement strategies aimed at strengthening ties between the Federal Government and the South-East. He noted that while Uzodimma holds a prominent position as secretary within the ruling party’s campaign structure, that role does not translate to an exclusive mandate for explaining government policies and milestones to the Igbo community.

Instead, Oshiomhole emphasized that all political leaders and governors representing the South-East share an equal duty to communicate effectively with their constituents and build strong bridges with the center.

“Please note, the fact that Hope Uzodimma is the secretary doesn’t mean he will be the one marketing President Bola Ahmed Tinubu to the Igbo nation. I believe that every other governor in the South-East also has a role to play,” Oshiomhole stated.

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