NDIC Covers 99% of Depositors, Pushes for BVN Linkage
The Nigeria Deposit Insurance Corporation (NDIC) has said that about 99 per cent of depositors in Nigerian banks are fully covered under its enhanced deposit insurance scheme, urging customers to link their Bank Verification Numbers to...
We Refunded N1.2bn to Depositors of Liquidated MfBs - NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has said it has refunded more depositors of microfinance banks whose licences were recently revoked by the Central Bank of Nigeria.
It said currently, it had refunded N1.2bn to about...
Aggrieved Depositors Petition Banks Over N546bn Wrong Charges
No fewer than 2,256 depositors have lodged complaints on transactions totalling N368.9bn and $428.7m (N177.05bn) on their accounts against their banks with the Chartered Institute of Bankers of Nigeria.
The institute, through its ethic and governance directorate, however,...
NDIC Pays N11bn To Over 500,000 Depositors Of Liquidated Banks
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has explained that the Corporation has paid a cumulative of N101.76 billion to over 535, 815 insured depositors of liquidated banks.
Hassan, who was represented...
67 Aggrieved Depositors Lodged N11.7bn Complaints Against Banks – CIBN
The Chartered Institute of Bankers of Nigeria has said it received 67 petitions from depositors against banks in 2020, with claims totalling amounted to N11.7bn.
The CIBN disclosed this in its 2020 annual report, which was...
NDIC Verifies Depositors Of 42 Failed MFBs
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the verification and winding up of 42 Microfinance Banks (MFBs) whose operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. This...
