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    Kapital FM 92.9 The Station that Rocks!

Liquidation

2 Results / Page 1 of 1

Economics

‎NDIC Begins Liquidation Of Aso Savings and Loans, Union Homes

‎The Nigeria Deposit Insurance Corporation, NDIC, has commenced the liquidation process of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria, CBN. The licences were withdrawn on December 15, 2025, after which the NDIC was appointed as liquidator in line with the provisions of the Banks and Other Financial Institutions Act, BOFIA 2020. ‎ […]

todayDecember 16, 2025

Economy

NDIC Commences Payment Of Liquidation Dividends In 20 Banks

  Following impressive recoveries from debtors and realisation of assets of banks in liquidation, the Nigeria Deposit Insurance Corporation, NDIC, says it has commenced declaration of N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. A statement by the Director, Communication & Public Affairs, Bashir Nuhu explains that the NDIC has commenced verification and payment to stakeholders covered by the declarations within 30 days, starting from […]

todayOctober 2, 2023