Nigeria Deposit Insurance Corporation, NDIC, has announced that it paid over N1.7 billion to customers of revoked microfinance banks (MFBs) and four primary mortgage bank (PMBs) licenses.
According to NAN, Mr Bello Hassan, Managing Director/Chief Executive Officer, NDIC, said this at the 2023 NDIC Editors’ Forum on Saturday in Lagos.
Hassan said, “Recall earlier this year that the Central Bank of Nigeria revoked the licenses of 183 institutions comprising Microfinance and Primary Mortgage Banks.
“We quickly advertised and told affected depositors to get the required documents and come forward for verification to pay them the insured amount.
“So, in terms of insured amount, we have paid more than 1.7 billion to more than 22,000 customers, and we are calling on those customers that had no Bank Verification Number attached to their accounts to come forward to get their claims verified so that we can pay them the insured amount.
“We are still on that. So, I’m using this opportunity to appeal to those depositors to come forward so that they can be verified and their claims paid.”
Customers of revoked 183 financial institutions receive N1.7bn
