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NDIC BEGINS PAYMENT OF LIQUIDATION DIVIDENDS TO DEPOSITORS, STAKEHOLDERS IN 14 CLOSED BANKS

Nigeria Deposit Insurance Corporation ( NDIC) has announced plans to commence Payment of liquidation dividends to uninsured Depositors, Creditors, and Shareholders of additional fourteen Banks in liquidation in the country.

NDIC in a statement released to newsmen by its Director of Communication and Public Affairs Department- Mr.Bashir Nuhu noted that this is part of its mandate to protecting investors.

The NDIC explained that while 8  Closed Banks are to receive their first round of liquidation dividend payments, the remaining 6 are to be paid additional sums due them as part of their liquidation dividends.

The Banks include City Express Bank, All States Trust Bank, Allied Bank, Cooperative Bank, Commerce Bank, and Nigerian Merchant Bank.

Others are Hilltop Micro Finance Bank, Evo Micro Finance Bank, Ngwegwe Micro Finance Bank, Olomoyoyo Micro Finance Bank, Bekwara Micro Finance Bank, Edet Micro Finance Bank, and Argungu Micro Finance Bank.

In view of this, the NDIC is calling on all eligible Stakeholders of the Bank to visit the Corporation’s offices nationwide for verification of their claims or on its website.

In a related development, the Corporation has also commenced verification of Depositors of 22 Micro Finance Banks whose Operating Licenses were recently revoked by the Central Bank of Nigeria.

According to the statement, the Excercise is geared towards payment of insured sums to eligible Depositors of affected Micro Finance Bank, calling on those affected to visit the closed Banks’ address where their claims would be verified by the NDIC officials for their claims.

 

About HARRIS SIDI SIRAJO

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