• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, July 2, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home News

NDIC Begins Verification of Peak Merchant Bank Depositors

by Justice Godfrey Okamgba
April 24, 2023
in News
0
NDIC Begins Verification of Peak Merchant Bank Depositors
UBA
Advertisements
The Nigeria Deposit Insurance Corporation NDIC has started the verification of insured depositors of the defunct Peak Merchant Bank.

This is in line with its move to ensure deposit guaranty and reimbursement of depositors in the event of bank failure, in-liquidation towards payment of their insured sums.

The Director, Communication and Public Affairs, NDIC, Bashir Nuhu, on Sunday, said in a statement that the verification exercise would guarantee depositors of the defunct bank to cross-check and ascertain their account information as well as balances with the bank as at closure.

The statement further noted that the process is a prelude to the payment of insured sums to such depositors.

“Depositors are therefore enjoined to visit the bank’s old premises or the Corporation’s office nearest to them with proof of account ownership and verifiable means of identification for the exercise,” NDIC stated.

The corporation added that the insured sum is the first and mandatory payment that depositors are paid, up to a specified limit, if a bank fails.

Depositors are paid amounts above the insured sums subsequently, as liquidation dividends from proceeds of the closed bank’s assets as realized by NDIC as liquidator.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: BanksDepositsNDIC
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
Omolaraeni Olaosebikan McEnies Global (Strategic) Communications

Omolaraeni Olaosebikan Shares Her Experience in IMC the Industry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Verve Card

Verve…Leading the Way With Exciting Payment Innovation for Nigeria

2 years ago
Samsung Galaxy Z Fold6

Preorder Samsung Galaxy Z Fold6 with 1TB Memory

12 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.