NDIC set to pay N588.6m depositors’ liabilities for 33 closed MFBs

Whatsapp News

ABUJA – The Nigeria Deposit Insurance Corporation (NDIC) said Thursday it would more than N588. 6 million as depositors’ liabilities for 33 out of the 83 closed Micro Finance Banks (MFBs).
This is contained in a report signed by the Head of Communications and Public Affairs of the corporation, Alh Hadi Birchi in Abuja.
According to the report, the corporation has already commenced verification and payments for the 33 MFBs licences have been recently revoked by the (CBN).
“ The first phase of the deposit -out of the 33 closed MFBs would cover total deposit liabilities of N588, 685,792.25 and each depositor would receive a maximum of N200, 000.
“As part of the verification and being undertaken by staff of the corporation, affected depositors are to report to the last known addresses of closed MFBs.
“ They are to present evidence of account ownership, including passbooks, cheque books and personal identification documents such a; identity cards, drivers licences and voters cards.’’
It said depositors without valid identification documents would be expected to obtain introduction letters with photographs and ensure the letters were duly signed by of their localities or local government chairmen.
The report further stated that the depositors were also requested to take along details of alternative bank accounts operated in any of the existing banks in which their insured claims could be paid.
It said that those without bank accounts, had been asked to provide details of accounts of close relatives to which their could be made.
The report also said that the corporation had commenced verification and of N125 million as first liquidation dividend of 50 kobo each to shareholders of the defunct Rims Merchant Bank.
“This has commenced at its Abuja, and eight zonal offices nationwide,’’ it said. (NAN)