Archive: September, 2013


Nigeria Deposit Insurance Corporation in its capacity as the Liquidator of the closed aforementioned banks is pleased to announce that it has concluded arrangement to pay liquidation dividends as follows:- 1)      Progress Bank of Nigeria (In-Liquidation) - 4th liquidation dividend to depositors at 60kobo per Naira. 2)      Financial Merchant Bank Limited (In-Liquidation) ... Read More


The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its statutory function as Liquidator of failed banks, has taken measures to ensure the realization of assets of closed banks for the benefit of depositors and other creditors whose funds were trapped in such banks. In this regard, the Corporation is ... Read More