The Nigeria Deposit Insurance Corporation (NDIC) has begun the commencement of paying liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation.
This was revealed in a release by the NDIC Director, Communication and Public Affairs Department, Bashir Nuhu.
Nuhu revealed 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.
Nuhu in the release listed the banks as City Express Bank, All States Trust Bank, Allied Bank, Commerce Bank, North South Bank, Cooperative and Commerce Bank and Nigeria Merchant Bank. Others are Hilltop MFB, Olomoyoyo MFB, Evo MFB, Ngwegwe MFB, Bekwarra MFB, Argungu MFB and Edet MFB.
He however advised eligible stakeholders of the banks to visit the Corporation’s offices nationwide for the verification of their claims or do so on the Corporation’s website.
In another related development, NDIC has also commenced verification of depositors of 22 MFBs whose operating licences were recently revoked by the Central Bank of Nigeria (CBN).
The release reads partly, “the verification exercise is geared towards payment of insured sums to eligible depositors.
“Depositors of the affected MFBs have been advised to visit the closed banks’ addresses where their claims would be verified by the NDIC’s officials.
“They are also to visit the Corporation’s website for the list of the banks and to verify their claims.”