The NDIC, acting as the liquidator of Heritage Bank, will oversee the sale across 36 locations from 4th December 2024.
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The NDIC, acting as the liquidator of Heritage Bank, will oversee the sale across 36 locations from 4 December. To promote financial inclusion, the NDIC will give preference to financial institutions willing to acquire properties and maintain operations at these sites, a move intended to sustain local access to financial services in areas previously served by the bank.
He noted that this process aims to secure a fair return for depositors by achieving the highest possible sale values for Heritage Bank’s assets, advancing NDIC’s mandate to protect depositors and ensure financial stability. Others are those with no alternative accounts in other banks or accounts with a KYC limit on the maximum lodgment per day and are yet to come forward for verification.
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