Nigerian Deposit Insurance Corporation (NDIC) has assured depositors in the four banks that were recently closed down would be paid back their money after they had filed their claims.
The Corporation however asked such depositors to hasten up and file their claims for payment, insisting that the corporation remained committed to ensuring that no depositor lost any money for reasons of bank liquidation.
Managing Director/Chief Executive of NDIC, Alhaji Umaru Ibrahim who spoke today in Enugu on the occasion of the NDIC Special Day at the 27th Enugu International Trade Fair, assured the depositors of the closed banks that they would be paid after they had filed their claims.
He asked the depositors of four banks whose licences were recently revoked to as a matter of urgency, come forward and file their claims for payment.
Represented by the South East zonal Coordinator of the Corporation, Nicholas Ayuba Ibrahim, the managing director listed the three microfinance banks (MFB’s) whose licences were revoked include Crown, First Omasi, and Tri-Star, stating that Harvard Trust Savings and Loans was also closed down.
He said that of the total insured deposit amounting to N75.49 Million for the three MFB’s”(N8.35,N24.02 and 43.12 for Crown, First Omasi and Tri-Star respectively), the sum of N58.47 Million(N4.26,N16.32 and N37.89 for Crown, First Omasi and Tri-Star Respectively) has been paid leaving a balance of N17.02 Million(4.08, N7.71 and N5.23 Million for Crown, First Omasi, and Tri-Star respectively) outstanding” .
He said that Banks operate within some rules’ adding that relevant authorities would not hesitate to withdraw the licences of banks that fail to meet the obligations of depositors.
Ibrahim also reminded members of the public of the activities of illegal funds managers otherwise known as ‘Wonder Banks,’ appealing to people to stop patronizing such fake banks. [myad]
