Tag: Nigeria Deposit Insurance Corporation

Distressed Banks: NDIC urges depositors to file claims

Aminu Imam

The Nigeria Deposit Insurance Corporation, (NDIC), says it established a strong structure to meet its obligations of settling depositors who lost money in any closed banks. Managing Director/Chief Executive Officer NDIC, Hassan Bello, who disclosed this during a courtesy visit by the executive members of the Finance Correspondents Association of Nigeria, (FICAN) in Abuja, implored such depositors to file their claims through the zonal offices of the corporation in Nigeria. Besides, the NDIC has appointed ten agent banks to help facilitate payment across the nation. The banks are: First Bank…

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NDIC begins payment of liquidation dividends to depositors, shareholders of 14 dead banks

Aminu Imam

The Nigeria Deposit Insurance Corporation, (NDIC), has announced that it is ready to pay the liquidation dividends of uninsured creditors, depositors and shareholders of 14 closed banks with it. In a press statement released yesterday by the Corporation’s Director, Communication and Public Affairs Department, Bashir Nuhu, the NDIC stated that while stakeholders of eight closed banks are to receive their first round of liquidation dividend payments, those of the other six are to be paid additional sums due to them as part of their liquidation dividends. The release listed the…

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