Business
NDIC puts Heritage Bank’s head office, vehicles, other assets on sale
NDIC announced the sale of the bank properties numbering 48 and its chattel including vehicles, office equipment, plant, and machinery in another 62 locations across the country in an advertorial on Thursday.
“The Nigeria Deposit Insurance Corporation in the exercise of its right as Liquidator of failed Deposit Money Banks hereby invites interested members of the general public to buy the assets (landed property and chattels) of defunct Heritage Banks through public competitive bidding,” part of the advertorial read.
READ ALSO: Heritage Bank Refuses to Pay Salaries, Nigerian Lady Calls for Help
The head office of the bank and its annex located at 143 Ahmadu Bello Way and 130 Ahmadu Bello Way, Victoria Island, Lagos was listed for sale (buildings, chattels, generator, and motor vehicle). Also listed for sale were six other branches in Lagos, four branches in Abuja, four in Rivers States, and the others spread across the country.
Interested parties are invited to come for an inspection and subsequently put in bids on the assets to be submitted to the NDIC office in Lagos.
Bids are expected to come in with 10 per cent of the bid amount in Certified Bank Draft. Successful bidders will be required to pay the balance of the bid price within two weeks of notification.
Earlier, the corporation announced the commencement of the verification and payment of the depositors of the bank with N5m or less in their accounts. This category of customers makes up about 99 per cent of the bank customers.
The Managing Director of the NDIC, Bello Hassan, at a media briefing on the liquidation of Heritage Bank in Abuja last Wednesday, put the total depositors at Heritage Bank at 2.3 million.
Hassan noted that the total bank deposits at Heritage Bank stood at N650bn while its loan portfolio was about N700bn
In announcing the revocation of the licence of Heritage Bank, the apex bank in a statement signed by the Acting Director of Corporate Communication, Sidi Ali, said, “This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The board and management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability.
“This follows a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline. Regrettably, the bank has continued to suffer and has no reasonable prospects of recovery, thereby, making the revocation of the licence the next necessary step.”
Stakeholders in the sector have gone on to express confidence in the decision of the CBN in the overall interest of the sector.
-
Business6 days ago
Petrol marketers have imported 123 million liters and are in ongoing discussions with Dangote.
-
Business3 days ago
The Rivers State Government is calling for the documentation of all hotel guests ahead of the yuletide season.
-
News6 days ago
Include Niger Delta interest in your energy transition Plans – CSOs, stakeholders Urge Nigerian govt
-
News6 days ago
11 killed as cult groups clash in Anambra
-
News5 days ago
SAD NEWS: 28-Year Old Woman Allegedly Cuts Husband’s P€nis During Fight
-
Politics3 days ago
Edwin Clark: Tinubu Administration Running A ‘One-Man Show’, No Basis For Scrapping Ministry Of Niger Delta Affairs
-
Politics3 days ago
PDP Blast Tinubu Over Cabinet Reshuffle, Questioning New Ministers Appointment.
-
News6 days ago
Marketers Resume Petrol Importation as Dangote Refinery Fails to Meet Target