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The Nigeria Deposit Insurance Corporation (NDIC) has said payment of about N16.18 billion to depositors of 20 liquidated financial institutions has begun.

The Nigeria Deposit Insurance Corporation has said that it is prepared to conduct 100 per cent liquidation dividend payments amounting to N16.18bn for depositors of 20 closed banks as the funds are yet to be claimed.

NDIC To Pay N16.18bn As Liquidation Dividends Of 20 Closedown Banks – MD

Depositors, creditors and stakeholders of 20 failed banks are expected to get additional N16.18 billion in liquidation dividends, the Nigeria Deposit Insurance Corporation (NDIC) has disclosed. This would increase the dividends so far paid to the depositors to N61.63bn having made cumulative payments of liquidation dividends totalling N45.45 billion as of July 2023, representing amounts…

In light of further recoveries from debtors of the liquidated banks, the Corporation has announced an additional N16.18 billion liquidation

The Nigeria Deposit Insurance Corporation (NDIC) has clarified the reported liquidation of 20 banks by the Central Bank of Nigeria. The Corporation said

The Nigeria Deposit Insurance Corporation (NDIC)has said it is commencing payments to the depositors, creditors and shareholders of 20 banks whose operating

By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has reacted to recent media reports to the effect that it has liquidated 20 additional banks, saying such reports were misleading. The Corporation which made the clarification in a statement by Bashir A. Nuhu Director of Communication & Public Affairs on Monday explained that the

The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to stay away from patronising wonder banks and Ponzi schemes even as it has paid out

Nigeria Deposit Insursnce Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs).