NDIC Urges depositors of 20 closed banks to go for verification, payment

The Nigeria Deposit Insurance Corporation (NDIC) has called on depositors of 20 closed banks in which it has declared full liquidation dividends to come forward for verification and payment of their deposits that are in excess of the guaranteed sums.

Managing Director and Chief Executive, NDIC, Bello Hassan, made the call at the ongoing Lagos International Trade fair organised by the Lagos Chamber of Commerce and Industry (LCCI), where he noted that by discharging its public policy objective of protecting depositors and offering a measure of safety for the banking system, the corporation offers a strong backbone to the payment  system to connect businesses and help them create values that impact lives of the citizenry and the nation.

“It is to this end that the corporation was established as a critical component of the nation’s financial system safety net with the broad mandate of deposit guarantee, banking supervision, failure resolution and bank liquidation.”

He noted that the corporation has recorded a significant achievement in the area of bank liquidation.