NDIC declares 100 percent liquidation dividends to 23 deposit money banks

From: Femi  Oyelola, Kaduna

The Nigeria Deposit Insurance Corporation(NDIC) said it has declared 100 percent liquidation dividends to depositors of 23 Deposit Money Banks in- Liquidation, noting that the Corporation realized enough to pay all depositors whose money are trapped in those banks.

This was announced by the Managing Director, NDIC, Bello Hassan, while giving his speech at the NDIC’s Special Day at the 43rd Kaduna International Trade Fair on Thursday.

The MD who was represented by the Director, Communication and Public Affairs, Bashir Nuhu stressed that the corporation had since commenced payment of liquidation dividends to creditors and shareholders of some of the banks, indicating that their depositors can access their full payment whenever they file their claims.