NDIC seeks FCT’s support in recovering assets of closed banks

The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of Federal Capital Territory (FCT) in recovering the landed properties of banks in liquidation with the territory.
A statement by Mr Bashir Nuhu, the Director, Communication and Public Affairs Department of the Corporation said the Chairman of the NDIC Board of Directors, Mrs Ronke Sokefun, made the appeal when the management of the board visited Malam Mohammed Bello, the FCT Minister in Abuja.
The statement quoted Sokefun, as saying that, the move was to enable the corporation to pay depositors of affected closed banks.
She said the corporation had faced bottlenecks in the full payment of trapped depositors’ funds as a result of the difficulty in recovering assets of banks in-liquidation……TO CONTINUE READING CLICK ONhttps://thefreezonechannel.com/ndic-seeks-fcts-support-in-recovering-assets-of-closed-banks/