The Nigeria Deposit Insurance Corporation (NDIC) has started a national auction of landed properties and physical assets from the defunct Heritage Bank.
Bashir Nuhu, Director of Communication & Public Affairs at NDIC, announced this in a statement on Monday.
On June 3, the Central Bank of Nigeria revoked Heritage Bank’s license due to weak financial stability. The NDIC, acting as the liquidator, will oversee the sale across 36 locations starting 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.
It also said that prospective buyers, including financial institutions, corporate bodies, and private individuals, are invited to participate in a competitive bidding process.
According to the statement, the sale extends to both the landed properties and chattels of Heritage Bank, with assets available for inspection before auction.
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