By Ossom Raphael
Abuja – Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation.
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.
A statement by Bashir Nuhu, Director, Communication and Public Affairs Department of the NDIC, 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 Micro Finance Bank, Olomoyoyo Micro Finance Bank, Evo Micro Finance Bank, Ngwegwe Micro Finance Bank, Bekwarra Micro Finance Bank, Argungu Micro Finance Bank, and Edet Micro Finance Bank.
The Corporation therefore advised eligible stakeholders of the banks to visit the corporation’s offices nationwide for the verification of their claims or do so on its website.
The statement is coming after the corporation began the verification of depositors of 22 Micro Finance Banks whose operating licences were recently revoked by the Central Bank of Nigeria (CBN).
The purpose of the verification exercise is to pay the insured sums to eligible depositors.
The statement also advised depositors of the affected Micro Finance Banks to visit the closed banks’ addresses where their claims would be verified by the NDIC’s officials and to visit the Corporation’s website for the list of the banks and to verify their claims.
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