ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, September 21, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NDIC Begins Sale Of Heritage Bank’s Landed Properties

by Mark Itsibor
10 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank, the Nigeria Deposit Insurance Corporation (NDIC) has commenced process for the sale of landed properties and chattels of the defunct bank.

Advertisement

The exercise is pursuant to the corporation’s statutory powers as liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023. It also comes after the exercise for the sales of physical assets of the defunct bank at its leased locations nationwide

According to a statement that was issued on Sunday night, 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, December 4, 2024.

The statement said 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.

In order to allow the continuation of provision of financial services to the Nigerian public at the locations of the closed bank towards bolstering financial inclusion, preference shall be given to financial institutions who are willing to buy any of the properties at the highest auctioned prices along with all the physical assets at wholesale value.

Related News

Bauchi Speaker Donates Relief Materials To Warji Fire Victims

12 seconds ago

Yobe Gov’s Office Gets Ultra-Modern ICT Centre

34 seconds ago

However, corporate bodies and private individuals willing to compete are equally eligible to compete in the process without prejudice, as the auction shall be open and competitive to all bidders.

Furthermore, bidders will be given opportunity to inspect the properties and chattels across all locations prior to disposal.

All interested parties are to make available 10% bid security of the value of their sealed bids to be dropped in the bid box provided at the various centres of the Corporation.
Interested bidders are advised to submit their bids at any of the designated NDIC offices in Abuja, Lagos, Bauchi, Kano, Enugu and Port Harcourt.

Join Our WhatsApp Channel

Tags: NDIC
SendShare10176Tweet6360Share

Other News Updates

News

Bauchi Speaker Donates Relief Materials To Warji Fire Victims

2025/09/21
News

Yobe Gov’s Office Gets Ultra-Modern ICT Centre

2025/09/21
News

Katsina Anti-Graft Agency Probes ₦188.6m Fraud In Fertiliser, School Funds

2025/09/21
Health

Taraba Records Over 60 Lassa Fever Deaths Annually – WHO

2025/09/21
News

Kano Police Nab Suspects In Lagos Armed Robbery Case

2025/09/21
News

Nigeria Customs Launches Automated Cargo Clearance System

2025/09/21
Leadership Conference advertisement

LATEST

Bauchi Speaker Donates Relief Materials To Warji Fire Victims

Yobe Gov’s Office Gets Ultra-Modern ICT Centre

Katsina Anti-Graft Agency Probes ₦188.6m Fraud In Fertiliser, School Funds

Taraba Records Over 60 Lassa Fever Deaths Annually – WHO

Kano Police Nab Suspects In Lagos Armed Robbery Case

Nigeria Customs Launches Automated Cargo Clearance System

Youths Protest As Herdsmen Kill 15, Abduct Many Farmers In Benue

Two Held Over Kidnapping In Taraba

Kwara Gov Names CMD Of Thomas Adewumi Varsity Teaching Hospital

FCT Minister Of State, Others To Headline UN 80th Fire Festival

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.