Page 8 - Progress Bank News Today

“The NDIC in its efforts to boost depositors’ confidence in the financial landscape has continued to address genuine cases of infractions and complaints in relation with their respective insured institutions...

The 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). The Managing Director of NDIC, Mr Bello Hassan, made the disclosure at the NDIC Special Day, at the 2023 Lagos International Trade Fair, on Thursday in Lagos. The News Agency

The Managing Director of the Nigeria Deposit Insurance Corporation, Mr Bello Hassan, said it has paid about N1.08bn to 29,573 depositors

Nigeria Deposit Insurance Corporation has revealed that depositors of failed microfinance, payment banks have received over N1 trillion from the funds recovered.

By Tony Obiechina, Abuja The Managing Director of the Nigeria Deposit Insurance Corporation, Mr Bello Hassan, says it has paid about N1.08bn to 29,573 depositors of the recently closed Microfinance Banks and Primary Mortgage Banks. He disclosed this at the 18th Abuja International Trade Fair on Thursday. While noting that payment was still ongoing, he

NDIC declares N16bn liquidation dividends payment to depositors, stakeholders of 20 banks. The Nigeria  Deposit Insurance Corporation (NDIC)

Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has declared

Nigeria Deposit Insurance Corporation (NDIC), has declared additional over N16 billion as liquidation dividend to be paid to depositors, creditors and shareholders of 20 banks in-liquidation.

NDIC says it has commenced the payment of liquidation dividends to depositors, creditors, and shareholders of 20 banks.

The Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18 billion liquidation dividends to depositors, creditors and