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DMBs

NDIC recovers N28bn debts, pays N1.45bn to bank customers

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NDIC

The Nigeria Deposit Insurance Corporation (NDIC) said it has recovered total sum of N28.48 billion from debtors of Deposit Money Banks (DMBs) in-liquidation as at December 31, 2017, even as N1.45 billion was paid to 16,324 depositors of 34 closed commercial banks during the same period. This was contained in the Corporation’s 2017 Annual Report, […]

BVN: Banks desperate over account closure deadline

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bvn

..Send text messages, others to customers Motolani Oseni, Lagos As deadline of the Federal High Court’s interim order obtained by the Federal Government to freeze all accounts – corporate and individual – without Bank Verification Numbers (BVN) is fast approaching, Deposit Money Banks (DMBs) operating in the country have started reaching out to their customers, […]