Nigeria: NDIC - Why Pool of Deposits in Closed Banks Remain Unclaimed allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Nigeria’s Central Bank (CBN), has withdrawn the operating licences of 42 microfinance banks in the country. This is according to the Nigeria Deposit Insurance Corporation (NDIC).
In a statement titled ‘Notice of closure of 42 microfinance banks’ in which the NDIC made the disclosure, it was made known that the withdrawal of the licences took effect from Thursday, November 12, 2020.
The statement read: “This is to inform the depositors, creditors, shareholders and the general public that the operating licences of the under listed 42 microfinance banks have been revoked by the Central Bank of Nigeria effective 12th November 2020.
“The Nigeria Deposit Insurance Corporation, the official liquidator of the banks whose licences were recently revoked, is in the process of closing the listed banks and pay their insured depositors.
Daily Post Nigeria
Published
Nigerians living in Canada, United Kingdom, and United States can now send money home for free this Christmas season, courtesy of Switch international money transfer service – https://switch-ng.com/
The service applies for transfers between users on the app and it is free whether they are transferring money in Naira, Pounds Sterling, Dollars or Euro, as long as the originator and beneficiary are on the app. Powered by Sterling Bank, the revolutionary funds transfer service allows inward transfers to Nigerians for free.
Shina Atilola, Divisional Head, Retail and Consumer Banking, Sterling Bank, in a statement, urged Nigerians in diaspora to take advantage of the novel Switch platform to transfer money free of charge to their loved ones in Nigeria.
…available to Nigerians in UK, US, Canada
Nigerians living in Canada, United States (US) and the United Kingdom (UK) can now send money home for free this Christmas season, courtesy of Switch international money transfer service.
The free service applies for transfers between users on the app and it is free whether they are transferring money in Naira, Pounds Sterling, Dollars or Euro, as long as the originator and beneficiary are on the app.
Powered by Sterling Bank, the revolutionary funds transfer service allows inward transfers to Nigerians for free.
Shina Atilola, Divisional Head, Retail and Consumer Banking, Sterling Bank, who disclosed this in a statement issued by the bank on Monday, urged Nigerians in diaspora to take advantage of the novel Switch platform to transfer money free of charge to their loved ones in Nigeria in this Christmas period.
Share
Following the revocation of the licences of 42 microfinance banks, on Friday, Nigeria Deposit Insurance Corporation (NDIC), on Monday, said it has commenced their closure.
The closure commenced with verification of their respective depositors.
This was disclosed in a release signed by the Director, Claims Resolution Department of the Corporation, Mrs Nurat Ajigbewu.
According to the NDIC, the CBN revoked the operating licences of the failed MFBs with effect from Thursday, November 12, 2020. Consequently, the Corporation as the official liquidator of the banks commenced the process of closure and payment of insured sums to verified depositors of the banks.
In carrying out this mandate, the Corporation has requested all depositors of the closed banks to visit the respective banks’ addresses from Monday 21st – Thursday 24th December 2020 where NDIC officials would be on the ground to verify their claims.