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Tag: NDIC

NDIC reimburses depositors of 179 disolved banks
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NDIC settles over N120.5bn liquidity claims

The Nigeria Deposit Insurance Corporation has stated that 545,269 depositors, creditors, and shareholders of the country’s insolvent banking institutions have received payments totaling more than N120.532 billion towards liquidation claims. The Guardian reported that claimants of Deposit Money Bank’s DMB, Micro Finance Bank’s MFBs, and Pay Money Bank’s PMBs were covered by the liquidity made as of June […]