ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, May 21, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
NDIC to ensure payment to depositors of closed banks

NDIC to ensure payment to depositors of closed banks

August 8, 2012
2 min read

The Nigeria Deposit Insurance Corporation (NDIC) has started on site visits to selected agent banks to ensure prompt payment to depositors of closed Deposit Money Banks (DMBs) and Microfinance banks (MFBs).

In a statement signed by Hadi Birchi, the Corporation’s spokesman on Tuesday in Abuja, the NDIC said that the visit was to check their level of compliance to the process of payment.

Agent banks are commercial banks that the NDIC uses for the payment of depositors of closed Deposit Money Banks (DMBs) and Microfinance banks (MFBs).

The NDIC said that the exercise, which kicked off on July 30 by Claims Resolution Department (CRD) of the Corporation, would cover 93 selected branches of the agent banks spread across the country.

“To effectively conduct the exercise, the 93 agent banks branches had been selected on zonal basis,’’ he said.

According to the statement, 27 branches will be visited in the South West, 24 in North Central and 13 in the South South.

Mr. Birchi added that the Corporation would visit 15 branches in the South East, eight in the North East and six in the North West zones.

He said that the objective of the visit was to confirm that payment to depositors is carried out expeditiously and in conformity with the operational guidelines already given to the agent banks by the corporation

Other objectives, he said, include assessing and ensuring that payments of both insured and uninsured deposits remitted to the banks are made to the depositors of the closed banks without hindrance.

“To ensure that the banks properly keep the payment documents forwarded to them by the Corporation such as mandate files, signature cards, Liquidator’s certificates and Deposit Registers.

“To ensure that payment to the depositors are not impeded by the absence of these records; identify and address areas of challenges being faced by the Agent banks that may hinder them from making payment to depositors of the closed banks.

“And to further train the desk officers in charge of payment where the need arises,’’ the commission said.

The Corporation conducted a similar exercise in 2009, which involved 72 selected agent banks branches in the South West, North Central, North East and North West geo-political zones of the country.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Why women cheat: what every Nigerian man should know







PT Mag Campaign AD

Previous Post

Nominees take centre stage at The Future Awards reception

Next Post

Delta cancels mass transfer of teachers over alleged fraud

More News

Naira and Dollars

Naira gains but black market decline continues

May 20, 2022
Innoson Group of Companies

Why we’re launching tricycle production in Nigeria — Innoson

May 20, 2022
Basil Omiyi

Seplat Energy appoints Omiyi to replace Orjiakor as chairman

May 19, 2022
MTN Nigeria’s payment service bank subsidiary MoMo PSB starts operation

MTN Nigeria’s payment service bank subsidiary MoMo PSB starts operation

May 19, 2022
Airtel office

Airtel launches Nigeria payment service bank unit SmartCash PSB

May 19, 2022
TotalEnergies

TotalEnergies launches sale of stake in Nigerian joint venture

May 19, 2022
Next Post
Delta cancels mass transfer of teachers over alleged fraud

Delta cancels mass transfer of teachers over alleged fraud

About 2,400 Syrians reach Turkey to flee violence

About 2,400 Syrians reach Turkey to flee violence

Leave Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,842,622 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.