Managing Director, Nigeria Deposit Insurance Corporation NDIC, Bello Hassan, said the corporation in September, declared 100 per cent liquidation dividend in 20 institutions.
The dividends were in respect of the 49 Deposit Money Banks DMBs in-liquidation.
Hassan made the disclosure at 2022 NDIC workshop, organised for the Finance Correspondents Association of Nigeria FICAN and Business Editors, in Port Harcourt.
He said that the corporation had realised enough funds from its assets to fully pay all depositors of the listed banks.
The three-day workshop, which was its 19th edition, had “Boosting Depositors Confidence amidst Emerging Issues and Challenges in the Banking System,” as theme.
Hassan noted that the corporation had cumulatively paid ₦11.83 billion to more than 443,949 insured depositors and ₦101.37 billion to uninsured depositors of all categories of banks in-liquidation, as at June.
