Author: Marketforces Africa

NDIC Begins Payments to Depositors in 14 Liquidated Banks The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in liquidation. The corporation announced this on Monday in Abuja in a statement by its Director of Communication and Public Affairs Department, Mr Bashir Nuhu. It said stakeholders of eight closed banks were to receive their first round of liquidation dividend payments, while six others were to be paid additional sums as part of their liquidation dividends. The NDIC listed the banks to include, City Express,…

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