September 20, (THEWILL) – The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors and ex-staff of the defunct Peak Merchant Bank that it has concluded arrangements to pay their first liquidation dividend.
This was contained in a statement signed by Bashir A. Nuhu, director, of communication and public affairs
According to the statement, the verification exercise would enable depositors of the defunct bank to cross-check and ascertain their account information as well as balances with the bank at closure.
“We enjoin all eligible stakeholders of the defunct bank to visit any NDIC offices or visit the NDIC website on www.ndic.gov.ng for verification of their claims commencing from Monday, September 18 to October 16, 2023, while duly completed verification forms can also be sent to the corporation’s email address,” the statement said
THEWILL recalls that the Corporation said last month (August) that it had commenced the process to pay depositors of 182 banks affected by the recent revocation of the licences by the Central Bank of Nigeria.
The affected banks include 178 microfinance banks and four primary mortgage banks.
Sixty-two of them have already closed shop, while 74 were declared insolvent. Twelve were temporarily distressed and the remaining six voluntarily liquidated
The Managing Director of NDIC, Alhaji Bello Hassan, gave the assurance while speaking at a two-day capacity-building workshop organised for senior management staff of the corporation in collaboration with the Bureau of Public Procurement held in Ikot Ekpene, Akwa Ibom state, with the theme, ‘Result-based procurement: A strategic approach’.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
