NDIC invitations depositors of liquidated banks for verification, claims settlement

The Managing Director of Nigeria Deposit Insurance coverage Company, Bello Hassan, has requested depositors, collectors and shareholders of 20 liquidated banks to avail themselves of its verification platforms to say their funds.

Mr Hassan, who made the decision at NDIC’s special occasion on the ongoing thirty sixth Lagos Worldwide Commerce Truthful on Tuesday in Lagos, stated the company had recorded important achievements within the space of financial institution liquidation.

He stated verification of depositors of Publish Service Financial savings and Loans (in-liquidation) had commenced on the premises of the defunct financial institution nationwide in preparation for settlement of their claims.

“Just lately, by way of newspaper adverts, radio and tv bulletins and notices on our web site and social media handles, the Company repeated its name to depositors of 20 closed banks to return for verification.

“The Company has declared full (100 per cent) liquidation dividends, depositors of closed banks, and calls them to return ahead for verification and fee of their deposits which can be in extra of the assured sums, in any other case known as ‘liquidation dividends.’

“The affected banks are ABC Service provider Financial institution Ltd., Allied Financial institution of Nigeria, Alpha Service provider Financial institution Plc, Amicable Financial institution of Nig. Ltd., Commerce Financial institution, Industrial Belief Financial institution Ltd., and Continental Service provider Financial institution Plc.

“Others are: Cooperative and Commerce Financial institution Plc! Eagle Financial institution, Monetary Service provider Financial institution Ltd., Icon Ltd., (Service provider Financial institution), Ivory Service provider Financial institution, Kapital Service provider Financial institution Ltd. and Mercantile Financial institution of Nig. Plc.

“Service provider Financial institution of Africa Ltd., Nigeria Service provider Financial institution Plc., Pan African Financial institution Ltd., Premier Industrial Financial institution Ltd., Progress Financial institution of Nigeria and Rims Service provider Financial institution Ltd.,” he stated.

Mr Bello was represented by Mr Bashir Nuhu, Director, Communication and Public Affairs Division, NDIC.

The NDIC boss famous that the implication of this was that, by way of the company’s dogged liquidation efforts, it had realised sufficient funds to totally pay all depositors of the listed banks.

He stated notices have been additionally despatched to collectors of seven deposit cash banks in-liquidation in addition to depositors and ex-staff of Eurobank Financial savings and Loans, Okporo MFB and Eurofield MFB.

Mr Bello stated apart from radio bulletins, newspapers adverts, handbills and posters, particulars have been additionally obtainable on its web site and social media handles for members of the general public to entry.

Based on him, depositors are at liberty to go to any of the company’s workplaces bodily or utilise the NDIC on-line app or go to the claims web page on its web site: www.ndic.gov.ng, to expedite processing of their claims.

He urged them to additionally name NDIC Toll Free Assist Desk Line: 0800 634 424 357 for steerage.

Michael Olawale-Cole, president, Lagos Chamber of Commerce and Business, stated the present international atmosphere had demonstrated the relevance of deposit insurance coverage in stabilising turbulent banking techniques and as buffer for monetary system stability.

“There isn’t any doubt that Nigeria Deposit Insurance coverage Company performs a central position within the upkeep of stability and public confidence within the nation’s monetary system.

“At this time, the NDIC has recorded a number of successes together with fee of over N119.1 billion to over 5.5 million depositors, collectors and shareholders of failed banks.

“It has additionally recorded successes in selling monetary literacy and monetary inclusion, sustaining sturdy company governance and accounting, selling regional synergy and collaboration with different authorities businesses.”

Mr Olawale-Cole was represented by Gabriel Idahosa, deputy president, LCCI.

(NAN)