The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors and ex-staff of the defunct Peak Merchant Bank that it has concluded arrangements to pay their first liquidation dividend.
This was contained in a statement signed by Bashir A. Nuhu, director, of communication and public affairs.
Read also: NDIC begins verification of insured depositors of Peak Merchant Bank
According to the statement, 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 at closure.
“We enjoin all eligible stakeholders of the defunct bank to visit any NDIC offices or visit the NDIC website on www.ndic.gov.ng for verification of their claims commencing from Monday, September 18 to October 16, 2023, while duly completed verification forms can also be sent to the corporation’s email address,” the statement said.
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
