The Nigeria Deposit Insurance Corporation (NDIC) has introduced
declaration of N16.18 billion liquidation dividends to depositors, collectors and shareholders of 20 banks in liquidation.
The Corporation says it has now commenced verification and cost of stakeholders lined by the declarations inside 30 days, ranging from 28 September 2023.
A press release by the NDIC’s Director of Communication and Public Affairs, Bashir Nuhu, stated the transfer adopted the recoveries from debtors and the realisation of property of banks in liquidation
Nuhu stated the continued cost is sequel to earlier cost of varied sums which cumulatively amounted to N45.45bn as liquidation dividends in respect of the 20 banks as of July 2023.
‘”Relevant stakeholders have been requested to visit any of the NDIC’s workplaces nearer to them or go to the claims web page on the Corporation’s web site to obtain, full and submit the verification kind with prescribed supporting paperwork to the devoted electronic mail for the aim: [email protected].
”The closed banks lined by the train are Liberty Bank, City Express Bank, Assurance Bank, Century Bank, Allied Bank, Financial Merchant Bank, Icon Merchant Bank, Progress Bank, Merchant Bank of Africa (MBA), (*20*) Commercial Bank, North-South Bank and Prime Merchant Bank.
”Others are Commercial Trust Bank, Cooperative and Commerce Bank, Rims Merchant Bank, Pan African Bank, Fortune Bank, All States Trust Bank, Nigeria Merchant Bank and Amicable Bank in-liquidation.
”Liquidation dividend represents an quantity in extra of the insured sums paid by the NDIC to depositors of a closed financial institution from recoveries constructed from the realisation of property of failed monetary establishments. It additionally covers the quantity paid to collectors and shareholders of closed banks after full cost to depositors of such defunct banks”.
