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NDIC Sets To Pay Beneficiaries Liquidation Dividend



By Linda Ike

The Nigeria Deposit Insurance Corporation (NDIC) said it’s set to pay the depositors and ex-staff (deposits) of defunct Peak Merchant Ban their first liquidation dividend.

NDIC is carrying out exercise as the official liquidator of the failed Banks in Nigeria and in line with its mandate.

The Corporation in a statement signed on Monday by the Director, Communication and Public Affairs, NDIC, Bashir Nuhu, said the verification exercise would enable depositors of the defunct banks to cross-check and ascertain their account information as well as balances with the bank as at closure.

Nuhu enjoined all eligible stakeholders of the defunct banks to visit any NDIC offices or visit NDIC Website on for verification of their claims commencing from Monday, September 18 to October 16, 2023.

He also explained that the duly completed verification forms can be sent to the Corporation’s email address at:

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