The Nigeria Deposit Insurance Corporation (NDIC) has announced the commencement of asset auctions from the defunct Heritage Bank across all 36 states.
This announcement was made in a statement released by Bashir Nuhu, Director of NDIC’s Communication and Public Affairs Department, on Sunday, November 10.
The auction follows Heritage Bank’s closure on June 3, 2024, after the Central Bank of Nigeria revoked its license due to financial instability.
Acting as the bank’s liquidator, NDIC confirmed that the sale would begin on Wednesday, December 4, 2024, covering 36 locations nationwide.
The statement noted that both the bank’s landed properties and physical assets will be up for auction.
NDIC encouraged financial institutions, corporate bodies, and private individuals to participate in the process, emphasizing its commitment to transparency and fairness through competitive bidding with strict guidelines.
Nuhu advised prospective buyers to submit bids at NDIC offices in Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.
The statement read, “In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), NDIC has begun the process to auction landed properties and chattels of the failed bank.”
“This exercise is in accordance with the Corporation’s statutory powers as the liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023. It is another follow-up action involving the disposal of physical assets and chattels belonging to the defunct bank across its leased locations nationwide.”
The auction will follow a competitive sealed-bid format across six selected locations to ensure transparency, fair competition, and accountability, helping to maximize recovery values. The Corporation will prioritize bids from financial institutions interested in maintaining banking services at the designated sites.
Corporate bodies and private individuals are also welcome to participate.
Bidders will have a one-week inspection period before the auction date. They must submit a 10% bid security of their sealed bid values at NDIC offices in Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.
Investors King earlier reported that NDIC Managing Director Bello Hassan, at the 36th Lagos International Trade Fair, urged customers of the defunct Heritage Bank who have not yet received refunds to come forward.
Requirements include the customer’s BVN, proof of account ownership, and alternative account details, with claims processed via NDIC’s website, email, and social media platforms.
