Connect with us

News

Defunct Heritage Bank Depositors To Receive ₦46bn As NDIC Begins Dividend Payments

Published

on

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the distribution of ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank.

This announcement was made by Hawwau Gambo, the Acting Head of Communication and Public Affairs at the NDIC. Gambo explained that these funds were obtained from the sale of the bank’s assets and the recovery of debts owed.

She stated, “A liquidation dividend is paid to depositors of a closed bank, beyond the maximum insured limit, using proceeds from asset sales and debt recovery.”

Advertisement

READ ALSO: NDIC Announces Date For Refund Of Heritage Bank Customers

Additionally, she noted that these dividends may also include payments to creditors and shareholders after all depositors have been fully reimbursed.

The first tranche of liquidation dividends began on April 25, with initial payments set at 9.2 kobo per naira on a pro-rata basis for depositors with balances exceeding ₦5 million.

Advertisement

Gambo emphasized, “Depositors with balances exceeding ₦5 million who did not receive their liquidation dividends should visit the nearest NDIC office.”

In the wake of the Central Bank of Nigeria’s revocation of Heritage Bank’s licence on June 3, 2024, the NDIC reimbursed insured deposits up to N5 million.

READ ALSO: Heritage Bank Customers Throng Headquarters For Payment

Advertisement

To facilitate the process, NDIC utilized depositors’ Bank Verification Numbers (BVN) to locate alternate accounts and automatically credit insured amounts.

Depositors without alternative bank accounts, who were not paid the insured amount, should also visit NDIC offices or download forms from www.ndic.gov.ng,” Gambo added.

To receive their insured amounts and, where applicable, the first tranche of dividends, depositors must complete and submit a deposit verification form.

Advertisement

Gambo concluded by reaffirming NDIC’s commitment to asset recovery and the reimbursement of all eligible depositors.

News

Migration Agency Warns Migrants Against Irregular Travel Routes

Published

on

The International Organisation for Migration (IOM), in collaboration with Giving is Healing Foundation, has sensitised residents of Ayobo in Alimosho Local Government Area of Lagos State on the dangers of irregular migration and the need to embrace legal travel procedures.

Speaking during a sensitisation programme held at Megida Ifelodu Community Development Association in Ayobo, the founder of Giving is Healing Foundation, Mr. Gbolahan Ayediran, warned intending migrants against using illegal travel routes.

Ayediran said many Nigerians desire to migrate abroad in search of better opportunities but often ignore proper procedures, thereby exposing themselves to several dangers.

Advertisement

“Lots of people want to migrate and most of them do it in the wrong direction. The reason for the programme is for us to advise people on how they can migrate in the right way. As much as migration is their right, they should do it correctly,” he said.

READ ALSO:How Wike Rescued Me From Political Oblivion — Oshiomhole

He advised intending travellers to obtain the necessary travel documents before embarking on any journey, noting that such documents include international passports, visas, flight tickets and yellow cards, depending on the destination country.

Advertisement

According to him, migrants should also gather adequate information about their destination countries to enable them make informed decisions before travelling.

Ayediran further highlighted some of the dangers associated with irregular migration, including abuse, exploitation, discrimination and forced labour.

Also speaking, the Chairman of Megida Ifelodu Community Development Association, Elder Mathews Amusan, commended the organisers for enlightening members of the community on safe migration practices.

Advertisement

READ ALSO: He Can’t Fix His Party Let Alone Nigeria – Oshiomhole Blasts Atiku

He urged residents planning to travel abroad to always follow legal migration procedures to avoid falling victim to human trafficking and other migration-related challenges.

One of the participants, Mr. Kolawole Adenoko, said the programme enlightened him on the dangers of irregular migration and the importance of travelling through the proper channels.

Advertisement

He added that he would also educate his relatives and friends on the risks associated with illegal migration.

Continue Reading

News

Shatta Wale Bailed Burna Boy From Ghana Prison After Arrest For Smoking Weed – Captan

Published

on

Ghanian singer, Captan, has claimed that his former record label boss, Shatta Wale, once bailed Nigerian singer Burna Boy out of prison in Ghana after he was allegedly arrested for smoking weed.

Speaking in a recent podcast interview, Captan claimed that Shatta Wale sent him and others to free Burna Boy from police custody.

He also claimed that Shatta Wale and his group once accommodated Burna Boy when he was being hunted by some dangerous men.

Advertisement

READ ALSO: Wale Edun Opens Up After Sack

Captan said, “I once bailed Burna Boy out of prison in Ghana when he was arrested for smoking weed. Shatta Wale sent me and some guys to go and free him from police custody.

“There was a time we also accommodated him when some people were after his life. We helped him settle the case.”

Advertisement

He added that he and Burna Boy are no longer in good terms after the Nigerian artist’s fallout with his mentor, Shatta Wale.

He, however, said he and Shatta Wale are open to reconciling with Burna Boy if he asks for it.

Watch the video here

Advertisement

 

Continue Reading

News

Children’s Day: Chaos At Ogbe Stadium As Dozens Faint

Published

on

Chaos erupted on Wednesday during the Children’s Day celebration as dozens of students reportedly collapsed following a stampede triggered by the use of pepper spray.

The event,
organised by the Edo State Ministry of Education at the Samuel Ogbemudia Stadium was disrupted after some male students of Ihogbe College allegedly made uncompromising advances towards female students at the venue.

‎ A parent who identified himself as Oboh Emmanuel said, “the behaviour of those uncultured students attracted the attention of bouncers stationed at the stadium as they rebuked the male students.”

‎Oboh said the affected students later regrouped and attacked the bouncers, leading to a confrontation within the crowded arena.

READ ALSO:Children’s Day: Edo Commits To Child Protection

It was gathered that in the ensuing confusion, the bouncers were reported to have deployed pepper spray in an area occupied by a large number of students.

‎Several students, particularly female students, reportedly fainted after inhaling the substance, while others sustained injuries after being stepped on during the ensuing melee.

‎The panic was said to have spread across the stadium as students, teachers and parents scampered for safety.

‎Many of the affected students were reportedly rushed to the Edo Specialist Hospital for medical attention.

Advertisement

READ ALSO: Egor LG Chair, Ogbemudia, Vice, Osawe Impeached

Reacting to the incident, Chief Press Secretary to Governor Monday Okpebholo, Dr Patrick Ebojele, said the security personnel that fired the tear gas had been detained.

He said all the students, except two, that were rushed to the hospital have been discharged.

Advertisement

Ebojele stated that doctors wanted to observe the students till tomorrow before allowing them to go home.

The two students are not seriously injured. Doctors want to observe them overnight. Permanent Secretary, Ministry of Education is still at the hospital. The man who used pepper spray has been detained.

“The incident did not happen the way it is being exaggerated. All modalities were put in place to ensure the children enjoyed their day.”

Advertisement

 

Continue Reading

Trending