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Defunct Peak Merchant Bank customers, ex-staff to get liquidation dividends soon – NDIC

Bassey Udo by Bassey Udo
September 18, 2023
in News
0
Investment tribunal, NDIC differ over refund of investor’s subscription to defunct bank’s IPO

The payment of liquidation dividend to customers and entitlements to the former workers of the defunct Peak Merchant Bank is to commence soon, the Nigeria Deposit Insurance Corporation (NDIC) has announced. 

As part of the process, the Corporation said in a statement on Monday in Abuja that the affected customers and ex-workers are expected to participate in a nationwide verification exercise starting on Monday September 18,2023 to confirm their account and staff details

In a statement signed by the Director, Communication & Public Affairs of the Corporation, Bashir Nuhu, said the verification exercise would enable the depositors of the defunct bank to cross-check and ascertain their account information as well as balances with the bank as at closure of the Bank.

Nuhu advised the eligible stakeholders of the defunct bank to visit any of the NDIC offices nationwide, or visit the NDIC Website on www.ndic.gov.ng for verification of their claims. 

“As the official Liquidator of the failed Banks in Nigeria, the Nigeria Deposit Insurance Corporation (NDIC), in line with its mandate, wishes to inform the depositors & ex-staff (deposits) of defunct Peak Merchant Bank that it has concluded preparations to commence the immediate payment of their first liquidation dividend.

“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. 

“We enjoin all eligible stakeholders of the defunct bank to visit any NDIC offices nationwide or visit NDIC Website on www.ndic.gov.ng for verification of their claims commencing from Monday, September 18 to October 18, 2023, while the duly completed verification forms can also be sent to the Corporation’s email address at:  claimscomplaints@ndic.gov.ng

The NDIC said the verification exercise was in line with its mandate as the official Liquidator of the failed Banks in Nigeria. 

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Bassey Udo

Bassey Udo

Bassey Udo is a Journalist, Communication & Media Practitioner PERSONAL DETAILS DATE OF BIRTH: March 3, 1965 GENDER: Male NATIONALITY: Nigerian GSM: +234 802 313 7335; 07032308000 EMAIL: bassey.udo@gmail.com CONTACT ADDRESS: Plot 743 Coral Park Street, Lugbe CRD, Abuja, FCT 900128 A multiple award winning investigative reporter with specialised interest in Business & Economy, Energy & Power, Oil, Gas, Mining & Extractive Industry, Environment & Climate Change, etc. at various times for some of Nigeria’s elite newspapers and magazines, including Post Express, NewsAfrica magazine, Independent, 234NEXT and Premium Times. A member of the Nigerian Guild of Editors (NGE), Nigeria Union of Journalists (NUJ), Nigerian Institute of Public Relations (NIPR) and Society of International Law & Diplomacy (SILD). He is also a distinguished Alumnus of the U.S. International Visitors Leadership Programme (IVLP) 2017.

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2021 Oil, Gas Industry Report: NNPC accounts for over 80% of financial liabilities, as unremitted revenue rises to $9.85bn – NEITI   

2021 Oil, Gas Industry Report: NNPC accounts for over 80% of financial liabilities, as unremitted revenue rises to $9.85bn - NEITI   

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