Having fulfilled all required criteria, the bank returned 100% of existing Societe Generale account holders’ money to their owners.
Heritage Bank Plc is a large financial services provider in Nigeria.
Heritage paid AMCON US$340 million (NGN:56.1 billion), in cash, for the acquisition.
[8] Heritage Investment Services Limited, the investment arm of Heritage Banking Company Limited, was the winning bidder out of 24 Nigerian and International companies who competed for the acquisition of Enterprise Bank.
[10][11] The Nigeria Deposit Insurance Corporation was appointed as the liquidator of the bank under Section 12 (2) of BOFIA, 2020