Nigeria Deposit Insurance Corporation (NDIC) has raised sufficient funds to pay all depositors and creditors of all the 20 closed microfinance, primary mortgage, and Deposit Money Banks.
The corporation implored depositors and creditors of affected banks to come for verification and payment of the money that are in excess of their guaranteed sums.
Its Managing Director/Chief Executive Officer, disclosed this at the NDIC Special Day at the 44th Kaduna International Trade Fair.
The deposit money banks, primary mortgage banks, payment service banks and mobile money operators were all insured up to N500,000 per depositor per bank, while those of microfinance banks were insured up to N200, 000 per depositor per bank.
He said: “Recently, the corporation repeated its call to depositors of 20 closed banks on which it has 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.
‘’The implication of this is that through our dogged liquidation activities, the Corporation has realized enough funds to fully pay all depositors of the closed banks.
“Similar notices were also sent to creditors of seven DMBs in liquidation, as well as depositors and ex-staff of two MFBs and a PMB, details of which are still available on our website and social media handles.
