Depositors of Heritage Bank Limited will receive a second payout of ₦24.3 billion.
This payment targets accounts exceeding the insured ₦5 million limit when the bank closed.
After the Central Bank of Nigeria revoked the bank’s licence on June 3, 2024, the NDIC immediately assumed responsibility as liquidator.
They began recovering assets and reimbursing depositors.
Consequently, small depositors accessed their insured funds quickly from the Deposit Insurance Fund.
Earlier, in April 2025, the NDIC paid a first dividend of ₦46.6 billion to depositors with larger balances.
Now, the second payout adds 5.2 kobo per ₦1, raising total recovery to 14.4 kobo per ₦1.
Recovery Efforts Underway
The NDIC recovered these funds by actively pursuing debts owed to the bank, selling physical assets, and realising investments.
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Moreover, these efforts demonstrate the NDIC’s commitment to maximise value from Heritage Bank’s remaining assets.
The Corporation will credit payments automatically to accounts linked to depositors’ Bank Verification Numbers.
Therefore, depositors who received previous payouts should check their accounts for confirmation.
Meanwhile, depositors who have not claimed funds must regularise their status with the NDIC promptly.
Additionally, individuals without BVNs or alternative accounts can visit NDIC offices or submit an e-claim online for faster processing.
Ongoing Support For Heritage Bank Depositors
The NDIC assures depositors that it will release further dividends as it recovers outstanding debts and realises more assets.
Since the bank’s closure, the NDIC has worked diligently to stabilise confidence and protect depositors’ funds.
Thus, the second payout shows that the liquidation process remains active and focused on repayment.
With ongoing efforts, depositors can expect additional recoveries as the NDIC continues pursuing remaining assets.
