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The insurer of depositors’ funds said this in a statement on Monday shortly after the Central Bank of Nigeria revoked the commercial bank license with national authorisation. The apex bank also appointed the NDIC as the liquidator of the failed bank according to Section 12 of BOFIA, 2020.
“Depositors of the bank with alternate accounts within the industry will be paid up to the insured amount of ₦5 million per depositor using their Bank Verification Number to locate their alternate account. 1. Visit the nearest branch of the bank with proof of account ownership, verifiable means of identification such as driver’s license, permanent voter’s card, National Identity Card, together with their alternate account and Bank Verification Number for the verification of their deposits and subsequent payment of insured sums.II. File online claims by visiting the NDIC website claims page on www.ndic.gov.ng/claims/claims, download and fill the claims forms and upload the required documentation.
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