NDIC MD

The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Numbers (BVN) linked to the alternate accounts of some defunct Heritage Bank customers are delaying the payment of their insured deposits. Mr Bello Hassan, the Managing Director of NDIC, told the News Agency of Nigeria (NAN) on Sunday in Abuja. Hassan said the corporation had paid a substantial amount to depositors of the defunct bank without BVN account-linked issues. He called on depositors of the bank who were yet to receive their insured deposit credit alert to visit the NDIC’s website and complete their verification forms for their payment. The managing director said the verification would also include depositors without BVN alternate accounts. ”We have already commenced the payment of customers since June 6. We have paid a substantial amount to the customers. What we leverage in making the payment is the BVN of customers. We trace alternate accounts in other banks and pay them their insured amounts. There are some that we have challenges linking up because of some discrepancies between the names and others. We are calling on customers that have not received their alerts in their alternate accounts to come forward and complete their verification forms so that we can pay them,” he said.
Vanguard