NDIC to begin payments for 2.3 million Heritage Bank depositors this week

The Managing Director of NDIC, Bello Hassan, said this while briefing newsmen in Abuja on Wednesday. Hassan said the bank had preliminary deposits of ₦650 billion and loans worth ₦700 billion.

According to him, 99.9% of depositors of the defunct bank have a deposit balance of less than five million naira, while only 4,000 of the depositors have more than five million naira deposits.