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NDIC Begins Payment of N16.18bn Dividends to Depositors of 20 Banks In-Liquidation

By Tony Obiechina, Abuja Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation (NDIC) has announced declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. To this end, the Corporation has commenced verification and payment of stakeholders covered by the ....

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NDIC declares N16bn liquidation dividends payment to depositors, stakeholders of 20 banks

The Nigeria Deposit Insurance Corporation (NDIC), has declared additional over N16 billion as liquidation dividend to be paid to depositors, creditors and shareholders of 20 banks in-liquidation.A statement issued by Mr Bashir Nuhu, the Director, Communication and Public Affairs of NDIC in Abuja on Monday, said the declaration followed impressive recoveries from debtors and realisation ....

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