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The Nigeria Deposit Insurance Corporation (NDIC) has said it has reimbursed 82.36 per cent of the customers of the defunct Heritage Bank with deposits below the N5 million maximum insured deposit.
Disclosing this in a statement, Director of Communications and Public Affairs, NDIC, Bashir Nuhu, said that this was achieved through the use of BVN-linked alternate accounts of the customers of the defunct bank.
He stated that the Corporation began the payment of the insured deposits of Five Million Naira (N5,000,000) maximum per depositor within a record time of four (4) days of the bank closure.
However, depositors with balances exceeding Five Million Naira have been paid the initial insured sum of Five Million Naira, while the remaining balances will be paid as liquidation dividends upon realization of the defunct bank’s assets and recovery of debts owed to the defunct bank.
A Vienna-based privacy advocacy group, the European Center for Digital Rights, also known as Noyb, has filed complaints in eight European countries against Elon Musk's X, formerly known as Twitter. The group accuses X of unlawfully using users' data to train its artificial intelligence technology without their consent. Noyb claims that X has been 'irreversibly feeding' the data of over 60 million European users into its Grok AI system without […]
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