Depositors of 20 failed banks in the country have been issued a final dividend declaration notice by the Nigeria Deposit Insurance Corporation (NDIC).
The NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation.
In a notice published on its website on Friday, NDIC said depositors and creditors who did not establish their claims to the satisfaction of the Director, Claims Resolution Department within 21 days from the date of the publication, would be expunged.
The notice also indicated that the director would at the expiration of the date, proceed to make a final dividend payment without regard to such claims.
The corporation listed the banks to include ABC Merchant Bank Ltd., Commercial Trust Bank Ltd. and Continental Merchant Bank Plc. Others are Merchant Bank of Africa Ltd., Pan African Bank Ltd., Kapital Merchant Bank Ltd., Eagle Bank and Allied Bank of Nigeria, among others.
Creditors’ banks were also listed to include Cooperative & Commerce Bank, Nigerian Merchant Bank, Rims Merchant Bank, Alpha Merchant Bank and Continental Merchant Bank.
The Corporation also said it was in the process of paying insured and uninsured deposits to depositors of Eurobanc Savings and Loans, Grace field Microfinance Bank and Okporo Microfinance Bank(MFB).
It further said it was in the process of paying liquidation dividends to the depositors and ex-staff of MFBs.
