The Nigeria Deposit Insurance Corporation (NDIC) has explained that it is yet to pay some former Heritage Bank customers their insured deposit payments because of discrepancies in account names linked to their Bank Verification Numbers (BVN).
Managing Director of NDIC, Bello Hassan, said in an interview that a substantial amount has been paid to depositors without BVN-related issues.
He advised those who have not received their payments to visit the NDIC website to complete verification forms, including those without BVN-linked accounts.
“We have already commenced the payment of customers since June 6. We have paid a substantial amount to the customers. What we leverage in making the payment is the BVN of customers. We trace alternate accounts in other banks and pay them their insured amounts.”
“There are some that we have challenges linking up because of some discrepancies between the names and others. We are calling on customers who have not received their alerts in their alternate accounts to come forward and complete their verification forms so that we can pay them,” he told the News Agency of Nigeria (NAN) in an interview.
Hassan further stated that depositors with more than five million naira, would receive a liquidation dividend as the NDIC has begun selling the bank’s physical assets and is working to recover loans and advances previously granted by the bank.
“That is what we use in paying those liquidation dividends. We are not going to wait until we recover everything, no. As we recover, we will also advertise to say that we will pay liquidation dividends so that concerned depositors will be on the lookout for alerts in their accounts,” he added.
