See more as NDIC takes over 3,000 plots of land owned by another failed bank

• NDIC has published the locations of implicit 3,000 plots of onshore belonging to the failed Ahocol Savings and Loans
• Although not overmuch is stated astir the bank, NDIC said the properties are present vested successful its state arsenic portion of plus betterment efforts
• The Corporation is established by the authorities to support depositors against the nonaccomplishment of their insured deposits placed with subordinate institutions

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigeria Deposit Insurance Corporation (NDIC) has officially announced that respective lodging estates antecedently owned by the defunct AHOCOL Savings and Loans Limited are present vested successful the Corporation, pursuing the fiscal institution’s liquidation.

NDIC confirms AHCOL Savings and Loans Limited's plots of onshore present nether its control Photo credit: NDIC
Source: Facebook

In a nationalist notice obtained from its website, the NDIC stated listed lodging estates were assets of AHOCOL Savings and Loans, which is presently undergoing liquidation.

As the appointed liquidator, the Corporation present holds ineligible ownership of these properties and has assumed afloat work for their administration.

The connection read:

"The nationalist is hereby notified that the pursuing lodging estates listed beneath are owned by Ahocol Savings and Loans (in liquidation). "These properties are vested successful the Nigeria Deposit Insurance Corporation (NDIC) arsenic liquidator of the defunct bank."

Although the NDIC did not disclose details astir AHOCOL Savings and Loans, it listed astir 22 onshore locations with 3,122 plots that it is present taking implicit from the company.

NDIC instrumentality implicit the lands of the failed bank Photo credit: nurphoto
Source: Getty Images

The onshore locations are arsenic follows:

• AHOCOL Udomaka Housing – Isuanaocha – 186 plots
• AHOCOL Chikwadolu Housing – Isuanaocha – 34 plots
• AHOCOL Chukwuemeka Phase I – Mgbakwu – 514 plots
• AHOCOL Chukwuemeka Phase II – Mgbakwu – 126 plots
• AHOCOL Chukwuemeka Phase III – Mgbakwu – 144 plots
• AHOCOL Chukwuemeka Phase IV – Mgbakwu – 108 plots
• AHOCOL Chukwuemeka Phase V – Mgbakwu – 55 plots
• AHOCOL Ifedioranma Phase I – Mgbakwu – 155 plots
• AHOCOL Ifedioranma Phase II – Mgbakwu – 55 plots
• AHOCOL Green Housing Phase I – Mgbakwu – 141 plots
• AHOCOL Green Housing Phase II – Mgbakwu – 16 plots
• AHOCOL Millennium Phase I – Urum – 159 plots
• AHOCOL Millennium Phase II – Urum – 57 plots
• AHOCOL Oriental Super Housing – Aguleri – 147 plots
• AHOCOL Aladinma International – Isiagu – 509 plots
• AHOCOL Ikemba Super Habitat I – Mgbakwu – 62 plots
• AHOCOL Ikemba Super Habitat II – Mgbakwu – 23 plots
• AHOCOL City Pride – Isiagu – 428 plots
• AHOCOL University Campus Phase I – Ukwulu – 66 plots
• AHOCOL University Campus Phase II – Ukwulu – 66 plots
• AHOCOL Legacy Housing Estate Phase I – Mgbakwu – 54 plots
• AHOCOL Legacy Housing Estate Phase II – Mgbakwu – 17 plots

Heritage Bank liquidation

Ealier, Legit.ng reported that NDIC announced that Heritage Bank customers who had much than N5 cardinal successful accounts earlier it closed volition commencement getting portion of their wealth backmost successful April.

For months, these customers person been unsure astir their funds aft the slope abruptly unopen down.

The determination comes aft the bank’s depositors appealed to the National Assembly to intervene and counsel the CBN to promptly wage each depositors successful full.

The Central Bank of Nigeria (CBN) withdrew Heritage Bank’s licence connected June 3, 2024, owed to fiscal problems.

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Source: Legit.ng