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.
The Senior Special Assistant to President Bola Tinubu on Community Engagement (North Central), Abiodun Essiet,…
The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…
Tobi Adegboyega, founder of the Salvation Proclaimers Anointed Church (SPAC Nation), has stated that he…
The Independent Petroleum Marketers Association of Nigeria has said that petrol is going to sell…
The former vice president made this disclosure in a statement on Sunday, reacting to the…
PRESS STATEMENT Nigerian Breweries PLC - The pioneer and largest brewing company in Nigeria which is…