The Nigeria Deposit Insurance Corporation says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April.
NDIC managing director Bello Hassan gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos.
Ms Akajemeli said that customer service was a core means of building brand loyalty.
The NDIC boss explained that the prompt payment of depositors had boosted confidence in the banking industry.
Mr Hassan said the bank had preliminary deposits of N650 billion and a loan worth N700 billion.
Mr Hassan said that CBN has stepped up regulatory efforts to ensure the resilience and stability of the Nigerian banking sector.
He said that due to current economic challenges, both agencies had intensified their monitoring efforts.
Mr Hassan recalled that the Central Bank of Nigeria (CBN) revoked the licences of 183 microfinance banks and primary mortgage banks.
NDIC has established a special desk at EFCC to strengthen the investigation and prosecution of parties responsible for bank failures.
Mr Hasan noted that through collaborative efforts of agencies, 12 prosecution cases were currently ongoing at various courts.
