News
NDIC Begins Verification Of Peak Merchant Bank Depositors
The Nigeria Deposit Insurance corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums.
This, the corporation said, is in line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure,
According to a release signed by the director, Communication and Public Affairs, NDIC, Bashir Nuhu, the verification exercise would enable depositors of the defunct bank to cross-check and ascertain their account information as well as balances with the bank as at closure.
The statement stressed further that, the process is a prelude to the payment of insured sums to such depositors.
Depositors are therefore enjoined to visit the bank’s old premises or the corporation’s office nearest to them with proof of account ownership and verifiable means of identification for the exercise.
The NDIC added that the insured sum is the first and mandatory payment that depositors are paid, up to specified limit, if a bank fails.
- News16 hours ago
Appeal Court Overturns Judgment On Rivers LG Elections
- News9 hours ago
Why Seyi Tinubu Can’t Be Lagos Governor- Igbokwe
- Top Stories16 hours ago
“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President
- Top Stories16 hours ago
2027: “No vacancy for non-indigenes in Alausa” – Lagos youths tell Seyi Tinubu
- Top Stories12 hours ago
Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB
- Politics16 hours ago
‘Don’t Waste Your Time Again In 2027’: Bode George Begs Atiku (Video)
- News15 hours ago
My husband assaulted me, ruined my career – Olajumoke Onibread
- Top Stories16 hours ago
National Assembly Passes Bill For Life Imprisonment For Drug Traffickers