The NDIC has started a nation-wide auction of properties and assets formerly owned by the defunct Heritage Bank. Bashir Nuhu, the Director of Communication & Public Affairs at NDIC, announced this in a statement.
The Central Bank of Nigeria had revoked Heritage Bank’s license on June 3 due to financial instability.
The NDIC, as the liquidator of Heritage Bank, will manage the sale of these assets at 36 locations starting from December 4.
“The sale of landed assets is by competitive bidding and will take place at the 36 affected locations of the bank across the country, from Wednesday 4th December, 2024.
“Buyers who wish to participate in the auction are expected to follow laid down guidelines aimed at ensuring transparency, fair competition, equity and accountability to enable recovery of commensurate values from the exercise.
“This is vital for the payment of liquidation dividends to eligible claimants,” the statement read.
