In response to recent reports, the Nigeria Deposit Insurance Corporation (NDIC) clarified that the reported liquidation of 20 banks by the Central Bank of Nigeria (CBN) is not a recent occurrence.
The banks were closed between 1994 and 2018 due to license revocation.
Bashir Nuhu, the Director of Communication & Public Affairs at the NDIC, in a statement, disclosed, that the NDIC, in meeting its obligation by July 2023, paid guaranteed sums to depositors, totalling N45.45 billion in liquidation dividends.
Nuhu equally emphasized that, an additional N16.18 billion has been scheduled for depositors, creditors and shareholders.
Stakeholders in the affected banks are encouraged to verify and submit claims through NDIC offices or the website.
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The affected banks include, ”Liberty Bank, City Express Bank, Assurance Bank, Century Bank, Allied Bank, Financial Merchant Bank, Icon Merchant Bank, Progress Bank, MBA, Premier Commercial Bank, North-South Bank, and Prime Merchant Bank. Others are Commercial Trust Bank, Cooperative and Commerce Bank, Rims Merchant Bank, Pan African Bank, Fortune Bank, All States Trust Bank, Nigeria Merchant Bank, and Amicable Bank in-liquidation.
Nuhu noted that the liquidation dividends surpass insured sums, encompassing payments to creditors and shareholders after complete reimbursement to depositors of defunct banks.