The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation.
In a statement by the Director, Communication and Public Affairs Department, Bashir Nuhu, the NDIC stated that while stakeholders of eight closed banks are to receive their first round of liquidation dividend payments, those of the other six are to be paid additional sums due to them as part of their liquidation dividends.
The NDIC listed the banks as City Express Bank, All States Trust Bank, Allied Bank, Commerce Bank, North South Bank, Cooperative and Commerce Bank and Nigeria Merchant Bank.
Depositors of liquidated banks to be paid dividends by NDIC tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
These are happy days for the people of Orile-Igbon in Surulere, Ogbomosho, Oyo State, and the royal family of the Olugbon, Oba Francis Olusola Alao. Recent news reaching the street is that Olori Olusola Adedoyin-Alao has been delivered of twins.
Akin to flowering at just the right time, the birth of the little angels is coming six years after the happy mother got wedded to Oba Alao. At 58, the couple’s excitement at the arrival of the twins reaches high heavens. Although she does not roar as she used to, it is apparent that Olori Sola Adedoyin-Alao has not lost the punch that made her a force to reckon with in the corporate halls of Nigeria a few years ago. For those who are only now recognising the name, she was the MD of the defunct City Express Bank, an upper-banker with many awards and accolades, a proud member of the American Management Association (AMA), the Institute of Directors, and several company boards.