HB
Heritage Bank Nigeria
BANK CLOSED
Heritage Bank's operating licence was revoked by the Central Bank of Nigeria (CBN) on 31 May 2024 under Section 12 of BOFIA 2020, after the bank breached minimum regulatory requirements, over 80% of its loan book had reportedly become non-performing. The Nigeria Deposit Insurance Corporation (NDIC) immediately took over as liquidator.
// WHAT TO DO INSTEAD
If you had funds with Heritage Bank, contact the NDIC directly to file a claim, insured deposits are reimbursed up to ₦5 million per depositor.
// FREQUENTLY ASKED QUESTIONS
Does Heritage Bank's USSD code still work?
No. Heritage Bank ceased operating after the CBN revoked its licence on 31 May 2024. Its former USSD code, *745#, is no longer functional.
How do I get my money back from Heritage Bank?
The NDIC is handling Heritage Bank's liquidation as court-appointed liquidator. Contact the NDIC directly, insured deposits are reimbursed up to ₦5 million per depositor under Nigeria's deposit insurance scheme.
Why was Heritage Bank's licence revoked?
The CBN cited breaches of Section 12(1) of BOFIA 2020: the bank's loans exceeded customer deposits, and reportedly over 80% of its loan book was non-performing, posing a threat to financial stability.