The Nigeria Deposit Insurance Corporation (NDIC) has identified discrepancies in Bank Verification Number (BVN) linked alternate accounts as the major obstacle delaying the payment of insured deposits to former customers of defunct Heritage Bank.
According to the Managing Director of NDIC, Bello Hassan, the corporation has paid a substantial amount to depositors without BVN account-linked issues since June 6. However, some customers with discrepancies between their names and BVN records are yet to receive their insured amounts.
Hassan urged affected depositors to visit the NDIC website and complete their verification forms to facilitate payment. He also announced that depositors with over N5 million in the bank would receive liquidation dividends as the corporation disposes of the bank’s physical assets and recovers loans and advances.
“We have commenced payment, but some accounts have issues. We need depositors to come forward and complete their verification forms,” Hassan said. “We will pay liquidation dividends as we recover funds, and advertise to alert concerned depositors.”