NEWS
NDIC to Pay First Tranche of Liquidation Dividends to Heritage Bank Depositors in April

The Nigeria Deposit Insurance Corporation (NDIC) says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April.
It would be recalled that Heritage Bank operating licence was revoked by the Central Bank of Nigeria (CBN) on June 3, 2024.
The Managing Director of NDIC, Mr Bello Hassan, said this on Wednesday at the NDIC Special Day at the ongoing 36th Enugu International Trade.
Represented by Mrs Pamela Robert, South-East Coordinator of NDIC, Hassan said that NDIC was in collaboration with the CBN to maintain stability in the banking sector, enforce compliance with banking regulations and exercise effective oversight over insured deposit-taking institutions.
According to him, NDIC have commenced preparations to pay the first tranche of liquidation dividends this month of April.
“I wish to reassure all depositors that the NDIC has the financial and operational capacity to fully reimburse all depositors as recoveries are made,” he said.
Hassan said that the approach of paying insured deposits while concurrently realising assets and recovering loans ensured that no depositor was left behind.
The managing director emphasised that as more recoveries were made, subsequent tranches of liquidation dividends would follow.
“Our record in bank liquidation is reassuring. NDIC has successfully declared fully liquidation dividends to depositors of 20 previously failed banks.
“This reflects our unwavering commitment to depositor protection and our proven capacity to manage bank failures effectively.
“Therefore, I urge depositors of closed banks, particularly Heritage Bank, who have not yet received their payments, to come forward and provide necessary documentation supporting ownership of the account.
These, he said, included the Bank Verification Number (BVN), and alternate bank account number for payment of the insured sum.
“Claims can be submitted through our website, email, social media platforms, or by visiting any of our Zonal Offices,” he said.
He said that the NDIC had consistently played a crucial role in maintaining financial stability by ensuring depositors receive prompt compensation when banks failed.
“A recent example is the revocation of Heritage Bank’s operating license by the CBN.
“In line with its statutory mandate, the Corporation immediately began liquidation process, including verification and payment of insured deposits of up to a maximum of ₦5 million per depositor within four days.
“This swift action has enabled the payment of insured amounts to the majority of the bank’s depositors using their BVN as a unique identifier to locate their alternate accounts for payment.
“Those yet to be paid are largely depositors without BVNs or alternate accounts in other banks, or those with Post-No-Debit (PND) restrictions.
“Some accounts also have KYC issues, such as Tier 1 limits or name mismatches, while a few depositors may be unaware that payments have been made due to lack of transaction alerts on the alternate accounts,” he added.
Chief Odeiga Jideonwo, the President of the Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) commended NDIC for its operations.
The president however, called on the corporation to improve on its level of compensation paid to depositors when banks went under.
“It is indeed a big challenge and we hope that the NDIC would increase the percentage of money paid to depositors depending on the total amount of deposit each customer has in the bank,” Jideonwo said.
He also pleaded that the CBN through its regulatory framework should make the work of NDIC easier by ensuring that chances of bank failure was reduced to the barest minimum and guard against depositors going through this negative experience. (NAN)
Foreign News
U.S Will Start Revoking Visas for Chinese Students

The United States says it will begin revoking visas of Chinese students and tighten screening for future applicants from China and Hong Kong, the US State Department said on Thursday.
“The U.S. will begin revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields,” US Secretary of State Marco Rubio said on social media platform X.
In a press release, the State Department stated that it would also revise visa criteria to enhance scrutiny of all future visa applications from the People’s Republic of China and Hong Kong.
It was not immediately clear how many students currently in the United States would be affected or whether any exemptions would apply.
According to the Institute of International Education (IIE), about 277,000 Chinese students were enrolled at U.S. universities during the 2023-2024 academic years, making them the second-largest group of international students after those from India.
The U.S. already applies strict visa rules for Chinese nationals in certain academic disciplines, particularly in science and technology.
China’s Foreign Office said it filed a complaint against the unjustified step.
Washington’s discriminatory actions expose the lie of freedom and openness that the U.S. has always boasted about, said spokeswoman Mao Ning in Beijing.
The new measures come amid reports that the State Department has halted new visa interviews for international students and exchange visitors while it reviews screening procedures, including expanded checks on social media activity.
The pause reportedly affects F, M and J visa categories, including those for students, interns and au pairs, with further instructions expected in the coming days.
However, relations between Washington and Beijing have deteriorated further since U.S President Donald Trump took office in January.
The two economic powers are engaged in a deepening trade dispute and competing for global influence across multiple fronts.(dpa/NAN)
Education
How female Medicine Degree Holder Abandoned Certificate for Carpentry- Bugaje

The Executive Secretary, National Board for Technical Education (NBTE), Prof. Idris Bugaje has expressed the need to promote inclusivity, especially for women and persons with disabilities in technical education.
Bugaje stated this in Abuja while assessing the impact of President Bola Tinubu’s administration after two years in office.
He appealed for greater gender inclusivity in vocational and technical education, stressing that deliberate policies such as scholarships and incentives could help bridge the gender gap.
In support of his position, Bugaje shared an inspiring story of a female medical doctor who abandoned her medical career to pursue carpentry.
“There is a story I want to share with you, about a girl who was interested in becoming a carpenter.
“The father was a carpenter and they were four children in the family, three boys and herself.
“Whenever she joined the boys to the workshop, the father would send her away, saying, `you are a girl, go back to the house, you are not supposed to be a carpenter’’.
“Without giving considerations to the passion of the young girl, the father sent her to a medical school.
“She graduated with the MBBS, went and did the one-year internship after graduation, and chose a role as a medical doctor.
“After that, she came back to the father, returned the MBBS certificate to him, and thanked him.
“Afterward, she told the father that her passion is in carpentry, not to practice as medical doctor,” Bugaje narrated
He added that after spending seven years on medical training, the father had no option but to send her to Turkey to learn how to make furniture.
Addressing cultural and societal barriers often faced by young women in technical fields, Bugaje appealed to parents to support their daughters’ interests in trades like plumbing, electrical installation, and carpentry.
He also called on policymakers to prioritise passion and skill development among youth, especially girls, noting that such encouragement could lead to greater innovation and self-reliance.
“If they want to become carpenters, ICT experts, or POP artists, allow them.
“In skills’ training, passion is very important. That’s what motivates children and helps them innovate.
“We need to harness these innovations if the country is to move forward and rise beyond being a third-world nation,” he said.
He emphasized the need to have deliberate policies to encourage women to come into TVET through scholarships and other incentives. (NAN)
Education
WAEC Apologies for Conducting English Exam Late, Cites Leakage Prevention

The West African Examinations Council (WAEC) has apologized for delay in conducting English Language Paper 2 in the ongoing 2025 West African Senior School Certificate Examination (WASSCE).
The took place on Wednesday evening.
In a statement by Moyosola Adesina, Acting Head of Public Affairs Department of
WAEC, the council said that it encountered challenges.
”While maintaining the integrity and security of our examination, we faced considerable challenges primarily due to our major aim of preventing leakage of any paper.
“We recognise the importance of timely conduct of examinations and the impact of this decision on candidates, their schools and parents, and we sincerely apologise for any inconveniences caused,” WAEC stated.
It said that it successfully achieved its objective but it inadvertently impacted the timeliness and seamless conduct of the examination.
“In spite of our best efforts, we encountered logistical hurdles, security concerns and socio-cultural factors that negatively influenced our operations,” WAEC said.
The council re-affirmed its commitment to upholding the highest standard in examination conduct, and pledged to continue to promote academic excellence. (NAN)