NEWSINVESTIGATORS

46 Failed MFBs: Customers Commend NDIC, Want Seamless Liquidation Process

News Investigators/ Bank customers have commended the Nigeria Deposit Insurance Corporation (NDIC) over the swift liquidation instituted immediately after withdrawal of operating licences of 46 Microfinance Banks by the Central Bank of Nigeria (CBN).

The News Agency of Nigeria (NAN) reports that the CBN had revoked the operating licences of 46 microfinance banks across Nigeria over their failure to meet regulatory requirements for continued operation.

The customers spoke to NAN in Abuja on Friday.

They appealed to the NDIC to ensure seamless liquidation process that would promptly settle all depositors of the affected MfBs in real time.

Tola Balogun said that NDIC had been prompt in its actions toward banks’ liquidation.

Mr Balogun who said the relative was a customer in one of the failed MFBs, urged the corporation to exhibit the measure of swiftness in the payment of insured deposits to depositors of the affected banks.

Mazi Okechukwu Unegbu, a former President of the Chartered Institute of Bankers of Nigeria (CIBN), appealed to the NDIC to ensure adequate proximity of clearance centres to properly meet and capture depositors of the bank’s.

According to him, NDIC should consider the location of account holders of these banks while conducting verifications for proper reach and capturing.

Mr Unegbu urged the Corporation to set up verification centres at the branches of the banks to enable depositors access them easily.

”Rather than expect the account holders to take all transports to the state capitals, they should maintain the office of those MFBs to verify depositors,” he said.

Another bank customer, Betty Igodu, called for proper awareness in local languages to reach depositors of the failed MFBs.

Mrs Igodu said that most depositors of the failed banks might be unaware of developments about their banks.

”Most depositors of these failed MfBs might not have alternate accounts or even Bank Verification Number (BVN).

”NDIC should please find a way of reaching these categories of people to pay them,” she said.

Miss Queen Ebong commended NDIC for the prompt payment of depositors of the defunct Heritage Bank, saying the measure of swiftness should be used to pay customers of the 46 failed MfBs.

NAN

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