{"id":71176,"date":"2023-04-23T20:22:09","date_gmt":"2023-04-23T19:22:09","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=71176"},"modified":"2023-04-24T15:01:57","modified_gmt":"2023-04-24T14:01:57","slug":"ndic-commences-verification-of-insured-depositors-of-defunct-peak-merchant-bank","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ndic-commences-verification-of-insured-depositors-of-defunct-peak-merchant-bank\/","title":{"rendered":"NDIC Commences Verification Of Insured Depositors Of Defunct Peak Merchant Bank"},"content":{"rendered":"<p>In line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure, the Nigeria Deposit Insurance corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums.<\/p>\n<p>According to a release signed by the Director, Communication and Public Affairs, NDIC, Bashir Nuhu, the verification exercise would enable depositors of the defunct bank to cross-check and ascertain their account information as well as balances with the bank as at closure.<\/p>\n<p>The release stated further that the process is a prelude to the payment of insured sums to such depositors. Depositors are therefore enjoined to visit the bank\u2019s old premises or the Corporation\u2019s office nearest to them with proof of account ownership and verifiable means of identification for the exercise.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>The NDIC added that insured sum is the first and mandatory payment that depositors are paid, up to specified limit, if a bank fails. Depositors are paid amounts in excess of the insured sums subsequently, as liquidation dividends from proceeds of the closed bank\u2019s assets as realised by NDIC as liquidator.<\/p>\n<p>It could be recalled that Peak Merchant Bank.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>In line with its mandate of deposit guaranty and reimbursement of depositors in the event of bank failure, the Nigeria Deposit Insurance corporation (NDIC) has commenced verification of insured depositors of Peak Merchant Bank in-liquidation towards payment of their insured sums<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":28099,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[10283],"coauthors":[2391],"class_list":["post-71176","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-peak-merchant"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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