NDIC invites customers, others for verification of claims as another bank shuts down

• The Nigeria Deposit Insurance Corporation has begun paying liquidation dividends to stakeholders of the now-defunct Pearl Microfinance Bank
• Stakeholders tin assertion their dividends by visiting the nearest NDIC bureau betwixt May 26 and July 4, 2025, oregon by submitting claims online via the NDIC website
• This inaugural aims to guarantee unafraid and businesslike payments, helping reconstruct spot successful the fiscal system

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The outgo of liquidation dividends to Pearl Microfinance Bank (MFB) stakeholders has begun by the Nigeria Deposit Insurance Corporation (NDIC).

Stakeholders are urged to enactment rapidly and prehend this accidental to assertion their dividends wrong the allotted time. Photo Credit: Contributor
Source: UGC

As a result, shareholders, creditors, and depositors of the now-defunct Pearl MFB can commencement reclaiming their morganatic stake.

This was announced by the NDIC connected its X handle. It explained the lawsuit arsenic a measurement toward paying disconnected outstanding debts and giving customers impacted by the bank's demise immoderate fiscal respite.

NDIC stated that each funny parties indispensable sojourn the closest NDIC office betwixt May 26 and July 4, 2025, to expedite the procedure. They volition person their claims verified during this clip to warrant that payments are made securely and appropriately.

To verify identities and validate claims and guarantee that each qualified parties person their conscionable compensation, this verification process is essential.

Another option

There is different enactment for people who mightiness find it challenging to physically be the NDIC offices. The NDIC website's claims leafage allows stakeholders to download and capable retired the claims form, which they whitethorn past email to [email protected].

This online enactment ensures greater accessibility to the outgo process by giving stakeholders a convenient mode to taxable their claims without having to travel.

NDIC stated that affected parties indispensable sojourn the closest NDIC bureau betwixt May 26 and July 4, 2025. Photo Credit: Contributor
Source: Getty Images

The colony of the Pearl Microfinance Bank liquidation has improved arsenic a effect of the NDIC's initiative. It shows however dedicated regulatory bodies are to safeguarding the interests of shareholders, creditors, and depositors portion reviving spot successful the fiscal system.

In bid to assertion their dividends wrong the allotted time, stakeholders are urged to enactment rapidly and prehend this opportunity.

NDIC speaks connected partial reimbursement

Legit.ng reported that the Nigeria Deposit Insurance Corporation (NDIC) precocious announced that depositors who had N5 million oregon much successful funds astatine the now-defunct Heritage Bank would lone person a partial reimbursement.

Ibrahim Elisha criticised the NDIC's pro-rata reimbursement program implicit the play connected behalf of the impacted depositors, claiming it is woefully insufficient and reflects superior backing shortages that jeopardise nationalist spot successful the nation's banking sector.

The organisation claims that a caller property release, which the depositors accidental was prepared successful effect to media pressure, has revealed NDIC's inability to wholly reimburse depositors, adjacent aft the liquidation of Heritage Bank's assets.

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Source: Legit.ng