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flag NDIC to pay uninsured Heritage Bank depositors starting April, compensating those with balances over N5 million.

flag The Nigeria Deposit Insurance Corporation (NDIC) will begin paying uninsured depositors of the defunct Heritage Bank in April 2025, following the bank's closure. flag Payments will be made on a pro-rata basis to those with balances above N5 million, after the realization of the bank's assets and recovery of debts. flag The NDIC is prioritizing payments to ensure timely compensation, advising depositors to resolve any account discrepancies to facilitate the process.

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