Abuja, June 12, 2026 – The Nigeria Deposit Insurance Corporation (NDIC) has declared ₦24.3 billion second liquidation dividend for depositors in the liquidated Heritage Bank Limited.
The first liquidation dividend of ₦46.6 billion was paid to the depositors in April 2025 at a rate of 9.2 kobo per ₦1.00.
The NDIC said the dividends were derived from debt recovery, sale of physical assets, and realisation of investments.
It said the second liquidation dividend would be paid at a rate of 5.2 kobo per ₦1.00 on outstanding balances and the payments would be effected using depositors’ details already in the NDIC records.
“Eligible depositors, who previously received the insured sum and the first tranche of liquidation dividends, will have their alternative bank accounts automatically credited using their Bank Verification Numbers (BVN). Depositors are advised to check their accounts for confirmation.
“Depositors without alternative bank accounts, BVNs, or who have not claimed their insured sum of up to ₦5 million or the first liquidation dividend, should visit the nearest NDIC office or complete the e-claim form available at https://ndic.gov.ng/claims-verification-forms for prompt processing.
“For clarity, a liquidation dividend is the amount paid by the NDIC to depositors of a closed bank whose balances exceed the statutory insured limit, from proceeds of asset sales, investment realization, and debt recovery.
“Only after all depositors have been fully reimbursed will payments be made to other creditors, and subsequently to shareholders, subject to the availability of funds.
“The NDIC assures the public that this payment represents only the second liquidation dividend. Additional payments shall be made subject to the realisation of assets and collection of outstanding debts,” the NDIC said.
It said it remained committed to the timely recovery of all outstanding obligations and the prompt reimbursement of depositors.
