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Saturday, June 15, 2024

Nigeria: NDIC Commences Liquidation of Heritage Financial institution’s Property

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The Nigeria Deposit Insurance coverage Company (NDIC), on Thursday, in an advertorial in a newspaper publication, listed Heritage Financial institution’s belongings nationwide on the market following the revocation of the licence of the financial institution by the Central Financial institution of Nigeria (CBN).

The NDIC, which is the liquidator of failed Deposit Cash Banks (DMBs), introduced the gross sales of 48 financial institution properties and chattel, together with automobiles, workplace gear and equipment in 62 areas throughout the nation.

In response to NDIC, events and public aggressive bidders are invited to come back for an inspection of the belongings and submit their bids on the company’s workplace in Lagos. The bids should embody 10 per cent of the bid quantity in a licensed financial institution draft, and profitable bidders should pay the remaining stability inside two weeks of notification.

The top workplace of the financial institution and its annex at 143 Ahmadu Bello Manner and 130 Ahmadu Bello Manner, Victoria Island, Lagos, respectively have been listed on the market, together with buildings, chattels, mills and automobiles. Others embody six different branches in Lagos, 4 branches in Abuja, 4 in Rivers State and extra throughout the nation.


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