Umaru Ibrahim
Managing Director of the NDIC, Alhaji Umaru Ibrahim
  •  Promises to settle customers of liquidated banks

By Christopher Isiguzo

Nigerian Deposit Insurance Corporation (NDIC) on Thursday in Enugu asked depositors of liquidated banks across the country to file their claims for payment, insisting that the corporation remained committed to ensuring that no depositor lost any money for reasons of bank liquidation.

The agency specifically asked depositors of four banks whose licences were recently revoked to as a matter of urgency, come forward and file their claims for payment.

Managing Director/Chief Executive of NDIC, Alhaji Umaru Ibrahim made the call on the occasion of the NDIC Special Day at the 27th Enugu International Trade Fair.

The NDIC boss, who was represented by the South East zonal Coordinator of the organisation, Nicholas Ayuba Ibrahim, assured the depositors of the closed banks that they would be paid after they had filed their claims.

According to him, 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 disclosed that of 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 noted 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 patronising such fake banks.