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What Nigerians Should Know | NDIC Opens Sale of Properties from Defunct Heritage, Fortune & United Commercial Banks - Tech
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What Nigerians Should Know | NDIC Opens Sale of Properties from Defunct Heritage, Fortune & United Commercial Banks - Tech
The Nigeria Deposit Insurance Corporation (NDIC) has officially launched the auction of landed properties and related assets belonging to three defunct banks: Heritage Bank, Fortune Bank, and United Commercial Bank. This strategic move marks a crucial step in the liquidation process aimed at settling uninsured depositor claims. Why This Sale Matters As liquidator, the NDIC is legally empowered under Section 62(1)(d) of its Act to recover assets…
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