By Habibat Aliu
The Nigeria Deposit Insurance Corporation (NDIC) has called depositors of twenty closed banks in which it declared full (i.e. 100%) liquidation dividends to come forward for verification and payment of their deposits that are in excess of the guaranteed sums, otherwise called “liquidation dividends.”
Managing Director of NDIC, Hassan Bello, made the call on Tuesday at NDIC special day holding at the 36th Lagos International Trade Fair.
According to him, the corporation has recorded significant achievements in the area of bank liquidation.
Recently, through newspaper adverts, radio and television announcements and notices on its website and social media handles, the corporation made the same call to depositors.
The affected banks are ABC Merchant Bank Limited; Allied Bank of Nigeria; Alpha Merchant Bank Plc.; Amicable Bank of Nig. Limited: Commerce Bank; Commercial Trust Bank Limited; Continental Merchant Bank Pic. Cooperative & Commerce Bank Plc.; Eagle Bank; Financial Merchant Bank Limited; Icon Limited (Merchant Bank); lvory Merchant Bank; Kapital Merchant Bank Limited; Mercantile Bank of Nig. Pic.; Merchant Bank of Africa Limited; Nigeria Merchant Bank Plc.; Pan African Bank Limited; Premier Commercial Bank Limited; Progress Bank of Nigeria; and Rims Merchant Bank Limited.
Represented by the Director Communication and Public Affairs of NDIC, Bashir Nuhu, Bello stated that the implication of this is that, through its dogged liquidation efforts, the corporation has realised enough funds to fully pay all depositors of the listed banks.
Similar Notices were also sent to creditors of seven Deposit Money Banks (DMBs) in-liquidation as well as depositors and ex-staff of Eurobank Savings & Loans, Okporo MFB and Eurofield MFB.
“Only yesterday, our staff commenced verification of depositors of Post Service Savings & Loans (in-liquidation) at the premises of the defunct bank nationwide in preparation towards settlement of their claims.
