In another development, the corporation is currently in the process of verifying and paying liquidation dividends to depositors and stakeholders of 20 banks in liquidation, including Allied Bank, Peak Merchant Bank, Commerce Bank, Continental Merchant Bank, Financial Merchant Bank, Fortune Bank, Gulf Bank, Hallmark Bank, Icon Merchant Bank, Liberty Bank, Nigeria Merchant Bank, North South Bank, Premier Commercial Bank, Prime Merchant Bank, Progress Bank, and Merchant Bank,” he said.

Mr Hassan urged the public, especially traders and businesspeople, to keep their funds in licensed banks, advising them to avoid patronising wonder banks and Ponzi schemes.

“The NDIC, in its efforts to boost depositors’ confidence in the financial landscape, has continued to address genuine cases of infractions and complaints in relation to their respective insured institutions,” said Mr Hassan. “In this regard, the corporation operates a 24-hour toll-free Helpdesk line (080063424357) and an email (helpdesk@ndic.gov.ng) for depositors to put forward their inquiries on the benefits and operations of Deposit Insurance Scheme in Nigeria.”

(NAN)