HomeFINANCEBANKING & FINANCENDIC Sets To Verify, Pay Distressed Unyogba Microfinance Bank's Depositors Jan 30...

NDIC Sets To Verify, Pay Distressed Unyogba Microfinance Bank’s Depositors Jan 30 – Feb 10

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Cheery news is coming the way of the depositors of the distressed Unyogba Microfinance Bank, as the Nigeria Deposit Insurance Corporation (NDIC) extends an invitation for verfication and payment exercise to them.

Calling on depositors of Unyogba Microfinance Bank in-liquidation to come forward for their verification and payment of their insured deposits via its Twitter handle on Wednesday, the NDIC said that the bank was located in Kogi State, North-Central Nigeria.

The exercise, according to the corporation, would run commence January 30 and conclude on February 10, 2023,  at the branches of the closed bank in the state or any NDIC office.

Listing the bank’s branches where the exercise would take place to include Ejule, Anyigba, Ugwolawo, Federal Polytechnic, Idah; and Okpo, the NDIC advised affected depositors to present their passbooks, cheque books and other proof of account ownership, alongside valid means of identification during the exercise.

The NDIC further advised that eligible depositors could also visit the corporation’s website at www.ndic.gov.ng/claims to download and fill out the claims form.

It would be recalled that on December 21, 2020, the NDIC began to liquidate 42 microfinance banks (MFBs) across the country, following the revocation of their licences by the Central Bank of Nigeria (CBN).

Earlier on, in 2018, the CBN had revoked the operating licences of about 153 MFBs and six primary mortgage banks (PMBs).

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