NDIC to pay liquidation dividends to depositors, ex-staff of merchant bank

By Matthew Denis

The Nigeria Deposit Insurance Commission (NDIC) is set to pay liquidation dividends to depositors and ex-staff of defunct merchant bank.

This was contained in a statement signed by the Director, Communication & Public Affairs, Mr. Bashir Nuhu and made available to newsmen on Monday.

The statement reads, “As the official Liquidator of the failed Banks in Nigeria, the Nigeria Deposit Insurance Corporation (NDIC), in line with its mandate wishes to inform the depositors & ex-staff (deposits) of defunct Peak Merchant Bank that it has concluded preparations to pay their first liquidation dividend.”

According to the release, 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.

“We enjoin all eligible stakeholders of the defunct bank to visit any NDIC offices or visit NDIC Website on www.ndic.gov.ng for verification of their claims commencing from Monday, 18th September to 16th October, 2023 while the duly completed verification forms can also be sent to the Corporation’s email address at: [email protected].”