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

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


ABUJA – The Nigeria Deposit Insurance Corporation (NDIC) said on Thursday that it would pay 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 that their licences have been recently revoked by the Central Bank of Nigeria (CBN).
“ The first phase of the deposit pay-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 payment exercise being undertaken by staff of the corporation, affected depositors are to report to the last known addresses of their closed MFBs.
“ They are to present evidence of account ownership, including passbooks, cheque books and personal identification documents such a; national identity cards, drivers licences and voters cards.’’
It said that depositors without valid identification documents would be expected to obtain introduction letters with their photographs and ensure the letters were duly signed by traditional rulers 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 payment could be made.
The report also said that the corporation had commenced verification and payment of N125 million as first liquidation dividend of 50 kobo each to shareholders of the defunct Rims Merchant Bank.
“This exercise has commenced at its Abuja, Lagos and eight zonal offices nationwide,’’ it said. (NAN)

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