Heritage Bank Customers Storm Headquarters For Payment

Customers of the liquidated Heritage Bank converged at the bank’s headquarters in Lagos on Wednesday, to seek clarification on the beginning of their deposit payments.

It was disclosed that security personnel stationed at the bank’s entrance prevented customers from entering the premises.

Addressing the customers through the gate, an official informed them that payments had begun for savings account holders and would
continue until Friday.

“You don’t need to take any action. NDIC staff are already processing payments. Your money will be transferred to your other account linked with your BVN,” the official said.

However, corporate account holders were advised to return “next week,” leading to concerns among some who noted that BVN is typically associated with individual accounts, not companies.

Recall that CBN revoked Heritage Bank Plc’s license on Monday, citing a breach of Section 12 (1) of BOFIA, 2020, and appointed the Nigeria Deposit Insurance Corporation (NDIC) as the liquidator.