The NDIC said it had commenced verification and payment of stakeholders covered by the declarations within 30 days, starting from September 28.
According to the agency, the ongoing payment was sequel to earlier payment of various sums which cumulatively amounted to N45.45bn as liquidation dividends in respect of the 20 banks as at July 2023.
The liquidated banks covered by the exercise include City Express Bank, Liberty Bank, Assurance Bank, Century Bank, Allied Bank, Financial Merchant Bank, Icon Merchant Bank, Progress Bank, Merchant Bank of Africa (MBA), and Premier Commercial Bank.
Others are Cooperative and Commerce Bank, Rims Merchant Bank, North South Bank and Prime Merchant Bank, Commercial Trust Bank, Pan African Bank, Fortune Bank, All States Trust Bank, Nigeria Merchant Bank, and Amicable Bank in-liquidation.
Below is the full statement:
