Yemisi Izuora
The Nigerian Deposit Insurance Corporation (NDIC) has advised depositors of the four banks whose licences were revoked to file their claims for payment.
Managing Director/Chief Executive of NDIC, Alhaji Umaru Ibrahim made the during the NDIC Special Day at the 27th Enugu International Trade Fair.
Ibrahim who was represented by the South East zonal Coordinator of the organisation, Nicholas Ayuba Ibrahim assured the depositors of the closed banks that they would paid after they have filled their claims.
According to him, the three Microfinance Banks (MFB’s) whose licences were revoked include Crown, First Omasi, and Tri-Star respectively, stating that Harvard Trust Savings and Loans was also closed down.
He disclosed that of total insured deposit amounting to N75.49 Million for the three MFB’s”(N8.35,N24.02 and 43.12 for Crown, First Omasi and Tri-Star respectively), the sum of N58.47 Million(N4.26,N16.32 and N37.89 for Crown, First Omasi and Tri-Star Respectively) has been paid leaving a balance of N17.02 Million(4.08, N7.71 and N5.23 Million for Crown, First Omasi, and Tri-Star respectively) outstanding” .
He noted that Banks operate within some rules’ adding that relevant authorities would not hesitate to withdraw the licences of banks that fail to meet the obligations of depositors.
Ibrahim also reminded members of the public of the activities of illegal funds managers otherwise known as ‘Wonder Banks’, appealing to people to stop patronising these fake banks.
According to him, the Wonder Banks offer mouth-watering interest rates to dupe unsuspecting members of the public of their hard earned incomes in the name of investments.
The NDIC boss further stated that for the avoidance of doubt, the Wonder Banks or Illegal Funds Managers were neither licenced by either the Central Bank of Nigeria (CBN) or securities and Exchange Commission(SEC ) nor were they under the NDIC deposit insurance scheme.