The Nigeria Deposit Insurance Corporation, NDIC, has commenced a national auction of landed properties and physical assets belonging to the defunct Heritage Bank.
Bashir Nuhu, Director of Communication & Public Affairs
at NDIC, disclosed this in a statement on Monday.
Recall that on June 3, the Central Bank of Nigeria revoked
the license of Heritage Bank over weak financial stability.
The NDIC, acting as the liquidator of Heritage Bank, will
oversee the sale across 36 locations from 4 December.
“The sale of landed assets is by competitive bidding and
will take place at the 36 affected locations of the bank across the country,
from Wednesday 4th December, 2024.
“Buyers who wish to participate in the auction are expected
to follow laid down guidelines aimed at ensuring transparency, fair
competition, equity and accountability to enable recovery of commensurate
values from the exercise.
“This is vital for the payment of liquidation dividends to
eligible claimants,” the statement read.
It also said that prospective buyers, including financial
institutions, corporate bodies, and private individuals, are invited to
participate in a competitive bidding process.
According to the statement, the sale extends to both the
landed properties and chattels of Heritage Bank, with assets available for
inspection before auction.
Furthermore, the NDIC will give preference to financial
institutions willing to acquire properties and maintain operations at these
sites, a move intended to sustain local access to financial services in areas
previously served by the bank.
As of August, the NDIC said it has since reimbursed about
82.36 per cent of the total insured deposit to date.
Depositors with balances above N5 million received the
insured amount, while the corporation promised to pay the remaining uninsured
balances as liquidation dividends once the bank’s assets are recovered and
debts settled.
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