Nigeria, Aug. 5 -- The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it paid more than N106 billion to depositors of the defunct Heritage Bank Limited, while assuring customers with unresolved claims that payments are still ongoing.

In a statement on Wednesday, the corporation said it had fully acknowledged the difficulties being experienced by some former depositors of Heritage Bank and sympathised with them.

NDIC added that it remained committed to ensuring that all eligible depositors received their funds in line with the provisions of the NDIC Act, 2023.

On 3 June 2024, the Central Bank of Nigeria (CBN) revoked Heritage Bank's license due to the bank's persistent financial instability, poor performance, and a breac...