A Total Of N6.16bn Was Paid As A Liquidation Dividend- NDIC

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According to Punch Newspaper, The Nigerian Deposit Insurance Corporation said on Thursday that a total of N6.16bn was paid as a liquidation dividend to 1,955 creditors and shareholders of closed banks.

The Managing Director and Chief Executive Officer, NDIC, Mr Bello Hassan, who disclosed this at the corporation’s Special Day at the 2021 Kano 42nd International Trade Fair, said N11.76 billion was paid as insured sums to 353,815 depositors of closed banks and N101.66bn as uninsured sums as at June 30, 2021.

‘’Instructively, the corporation has declared full payment of insured and uninsured sums of depositors of 18 banks in liquidation. This implies that the corporation has realised liquidation dividend to pay all depositors of the banks, who present themselves for payment,” he said.

He advised members of the public to use CBN licensed deposit taking institution for transactions involving transfer.

Hassan said it was time to promote the great potential of a vibrant and resilient micro, small and medium enterprise sector as the key component towards revitalising the nation’s economy.

He said this would invariably contribute to economic growth, reduce poverty and encourage financial inclusion.

– Punch

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