NDIC Set To Pay Depositors of 20 Failed Banks
Oru Leonard
The Nigeria Insurance Deposit Corporation (NDIC), has called on account holders in 20 failed banks to come up for settlement, as approved by Federal Government of Nigeria.
NDIC made the call at the ongoing Lagos International Trade Fair According to the NDIC, it has recouped enough funds through the sales of the assets of the failed banks to settle depositors.
The Nigeria Deposit Insurance Corporation (NDIC) has called on customers of 20 failed banks in Nigeria to come for verification and payment of their deposits that are more than the guaranteed sums known as liquidation dividends. The Managing Director and Chief Executive Officer of NDIC, Bello Hassan, made the call while delivering a speech at the Corporation’s special day at the 36th Lagos International Trade Fair.
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 Plc. Cooperative & Commerce Bank Plc.; Eagle Bank; Financial Merchant Bank Limited.
Others are Icon Limited (Merchant Bank); Ivory Merchant Bank; Kapital Merchant Bank Limited, Mercantile Bank of Nig. Plc.; 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.
