NDIC Lists Heritage Bank’s Head Office, 47 Other Properties for Sale Following License Revocation
The Nigeria Deposit Insurance Corporation (NDIC) has taken steps to liquidate the assets of the defunct Heritage Bank, listing its head office and various branches across Nigeria for sale. This action follows the Central Bank of Nigeria’s revocation of Heritage Bank’s license on June 3, 2024, due to non-compliance with banking regulations.
According to PUNCH Newspapers on Thursday, June 13, NDIC announced the sale of 48 properties, including the bank’s head office and annex located at 143 Ahmadu Bello Way and 130 Ahmadu Bello Way, Victoria Island, Lagos. Additionally, chattels such as vehicles, office equipment, plant, and machinery from 62 other locations nationwide are also up for sale.
“The Nigeria Deposit Insurance Corporation in the exercise of its right as Liquidator of failed Deposit Money Banks hereby invites interested members of the general public to buy the assets (landed property and chattels) of defunct Heritage Banks through public competitive bidding,” the advertorial stated.
The properties listed for sale include branches in Lagos, Abuja, Rivers States, and several other locations across the country. Interested parties are encouraged to inspect the assets and submit bids to the NDIC office in Lagos. Bids must include 10 per cent of the bid amount in Certified Bank Draft, with successful bidders required to pay the balance within two weeks of notification.
Earlier, NDIC had commenced the verification and payment process for depositors with ₦5 million or less in their accounts, which constitutes approximately 99 per cent of the bank’s customers. This move aims to ensure the orderly compensation of depositors following the bank’s closure.
