August 27, 2026
By Matthew Johnson
After more than two years of closure, aggrieved depositors of the defunct Heritage Bank have called on the Federal Government (FG), the Central Bank of Nigeria (CBN), and the Nigeria Deposit Insurance Corporation (NDIC), to enforce immediate payment of their legitimate funds trapped in the failed bank, saying prolonged delays have subjected thousands of Nigerians to severe financial hardship.
CBN revoked the banking license and closed Heritage Bank Plc on June 3, 2024 citing inability of the bank to improve its poor financial performance and had no realistic prospects of recovery.
The apex bank subsequently mandated the NDIC as the liquidator to manage the bank’s assets and refund depositors.
