The Nigeria Deposit Insurance Corporation (NDIC) has disclosed plans to commence payments of liquidation dividends to uninsured depositors, creditors, and shareholders of the 14 failed banks whose licenses were revoked by the Central Bank of Nigeria (CBN).
The Corporation made the disclosure in a statement issued by the Director, Communication and Public Affairs Department, Bashir Nuhu on Sunday.
Mr. Nuhu explained that stakeholders of eight failed banks are to receive their first round of liquidation dividend payments, while the other six will be paid additional sums due to them as part of their liquidation dividends.
The banks listed for payment include Bekwarra Microfinance Bank, Argungu MFB, Hilltop MFB, Ngwegwe MFB, Olomoyoyo MFB, Edet MFB, and Evo MFB.
Other banks are All States Trust Bank, City Express Bank, Commerce Bank, North South Bank, Cooperative and Commerce Bank, Allied Bank, and Nigeria Merchant Bank.
The corporation has advised that all eligible stakeholders should visit any NDIC office or the corporation’s website for verification of their claims.
