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NDIC begins verification of Peak Merchant Bank depositors

The federal government has called on defunct Peak Merchant Bank depositors to come for verification to pay their insured deposits.

The Nigeria Deposit Insurance Corporation, NDIC, disclosed this in a recent document posted on its official Twitter
The Claims Resolution Department of the Corporation stated that the verification would commence between April 26 and May 6.

The Corporation listed the locations for the exercise to include Eket, Akure, Bonny, and Warri.
NDIC said depositors could also visit the claim’s page on the Corporation’s website for their verification.
The Corporation said depositors could send mail to the designated email address.

The purpose of the deposit insurance system was to protect depositors and guarantee the settlement of insured funds when a deposit-taking financial institution could no longer repay their deposits.
NDIC guarantees the payment of deposits up to the maximum limit following its statute in case of bank failure.


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