{"id":288889,"date":"2011-03-04T04:00:58","date_gmt":"2011-03-04T04:00:58","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/04\/ndic-pays-n69-9bn-dividend-for-liquidated-banks\/"},"modified":"2011-03-04T04:00:58","modified_gmt":"2011-03-04T04:00:58","slug":"ndic-pays-n69-9bn-dividend-for-liquidated-banks","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/04\/ndic-pays-n69-9bn-dividend-for-liquidated-banks\/","title":{"rendered":"NDIC pays N69.9bn dividend for liquidated banks"},"content":{"rendered":"
\n

By Luka Binniyat<\/strong><\/p>\n

KADUNA- Nigerian Deposit\u00a0 Insurance Corporation, NDIC, yesterday said that it had so far paid an aggregate dividend of N69.9 billion for the 48 banks liquidated by the Central Bank last year.<\/p>\n

The NDIC, which made this known yesterday\u00a0 during the NDIC Day at the ongoing 32nd Kaduna International Trade Fair,\u00a0 also affirmed that\u00a0 all depositors and shareholders in all failed financial institutions would recover their monies in full.<\/p>\n

This message was contained in the speech of the Managing Director of the NDIC, Alhaji Umar Ibrahim, read by the Executive Director, Banking Operations of the Corporation, Mr. Agatise Eredua.
He said: \u201cAs at the end of December, 2010, the Corporation had paid an aggregate dividend of N69.9 billion for the 48 banks in liquidation.<\/p>\n

\u201cOf the 48 banks in liquidation, a final dividend of 100% of total deposits had been declared for 11 banks, indicating that all the depositors of those banks would have fully recovered their deposits
\u201cLiquidation dividends have also been paid to some general creditors and shareholders of some closed banks.
\u201cAs at December, 2010, the sum of N1.5 billion was declared to 439 creditors and the Corporation had paid the sum of N848.127 million to creditors who filed their claims.\u201d<\/p>\n

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\nNDIC pays N69.9bn dividend for liquidated banks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Luka Binniyat KADUNA- Nigerian Deposit\u00a0 Insurance Corporation, NDIC, yesterday said that it had so far paid an aggregate dividend of N69.9 billion for the 48 banks liquidated by the Central Bank last year. The NDIC, which made this known yesterday\u00a0 during the NDIC Day at the ongoing 32nd Kaduna International Trade Fair,\u00a0 also affirmed that\u00a0 all depositors and shareholders in all failed financial institutions would recover their monies in full. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-288889","post","type-post","status-publish","format-standard"],"yoast_head":"\nNDIC pays N69.9bn dividend for liquidated banks - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/04\/ndic-pays-n69-9bn-dividend-for-liquidated-banks\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NDIC pays N69.9bn dividend for liquidated banks - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"By Luka Binniyat KADUNA- Nigerian Deposit\u00a0 Insurance Corporation, NDIC, yesterday said that it had so far paid an aggregate dividend of N69.9 billion for the 48 banks liquidated by the Central Bank last year. 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