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The Nigeria Deposit Insurance Corporation, (NDIC) has paid a cumulative sum of N11.76 billion as insured sums to 535,815 depositors of closed banks at June 30th, 2021, its Managing Director, Bello Hassan has said.
Speaking at the Cooperation’s Special Day at the 2021 Kano International Trade Fair held in the state, the Managing Director added that they have equally paid N101.666 billion as uninsured sum.
He explained that NDIC has paid N6.159 billion as liquidation dividends to 1, 955 creditors and share holders of closed banks within the same period.
Hassan informed his audience that they have declared full payment of insured and uninsured sums to depositors of 18 banks in – liquidation, adding that by implication, they have realized liquidation dividends to pay all depositors of banks, who present themselves for payment.
According to him, NDIC would continue to strive for a safe, sound and stable financial system, adding that in this regard, it has responded appropriately to the innovations in the financial system.
According to him, it in this light that they have extended insurance cover to micro- finance banks, primary mortgage banks , non- interests banks, subscribers of mobile money operators and licensed payment service banks.
The Chief Executive called for extra- vigilance and cyber- awareness from the members of the public, urging them never to disclose their sensitive bank account details even as he cautioned them against patronizing the services of Ponzi Schemes and other illegal managers otherwise known as “Wonder Banks” End.
