Liquidation Dividend: NDIC Ready to Pay Depositors, Former Employees of Dissolved Peak Merchant Bank

The Nigeria Deposit Insurance Corporation (NDIC) says it has concluded preparations to pay the first liquidation dividend to depositors and deposits of former staff of the defunct Peak Merchant Bank.

According to a release signed by the Director, Communication & Public Affairs NDIC, Bashir Nuhu, the Corporation has commenced verification process to allow Depositors cross-check their account information and other details ahead of the payment.

The release asked all all legible beneficiaries to visit NDIC website or offices for the verification of claims with effect from Monday September 18, 2023 as the excercise is scheduled to close on October 16,2023.

The full text of the release is reproduced hereunder;

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 pay their first liquidation dividend.

According to a release signed by the Director, Communication and Public Affairs, NDIC, Bashir A. 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.

We enjoin all eligible stakeholders of the defunct bank to visit any NDIC offices or visit NDIC Website on verification of their claims commencing from Monday, 18thSeptember to 16thOctober, 2023 while the duly completed verification forms can also be sent to the Corporations email address at:

Director, Communication &Public Affairs
18thSeptember, 2023

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