NDIC

The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. According NANS, the NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation. The notice published on the Corporation’s website on Friday, listed the banks to include ABC Merchant Bank Ltd., Commercial […]

The Nigeria Deposit Insurance Corporation (NDIC) has maintained that all Deposit Money Banks (DMBs) in Nigeria are safe and sound, denying that Polaris Bank has been sold. The reaction from NDIC follows recent media reports that Polaris Bank has been secretly sold to a new investor. The clarification was made by the Managing Director of […]

The Nigeria Deposit Insurance Corporation (NDIC) says it will commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twitter handle and website, that the exercise would take place between May 9 and 20. […]


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