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flag Nigeria's NDIC begins distributing ₦46.6 billion to Heritage Bank depositors exceeding ₦5 million.

flag The Nigeria Deposit Insurance Corporation (NDIC) has started distributing ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank whose balances exceeded ₦5 million. flag These dividends come from the sale of Heritage Bank's assets and recovered debts. flag Payments began on April 25, at a rate of 9.2 kobo per naira on a pro-rata basis. flag The NDIC assures that further payments will be made as more assets are recovered.

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