By Bashir Bello
KANO — The Nigeria Deposit Insurance Corporation, NDIC, said it has settled or reimbursed depositors of defunct banks within 72 hours of their closure.
The affected banks include, Heritage Bank Limited, Union Homes Plc and Aso Savings and Loans Plc.
Speaking during a one day stakeholders meeting held in Kano, the NDIC Executive Director, Corporate Services, Emily Osuji, said the seamless and timely reimbursement of claims was made possible with the linking of the depositors Bank Verification Number (BVN) with the bank account.
Osuji however, appealed to depositors to ensure they link their BVN with their bank account for seamless and timely reimbursement of claims.
She stated: “We have continued to improve our payout processes to ensure that depositors have timely access to their funds. This was evident in the prompt payment of depositors of the defunct Heritage Bank Limited, Union Homes Plc and Aso Savings and Loans Plc, where the Corporation used the BVN of depos
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