NDIC invites liquidated Enugu banks’ depositors to claim N60m

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  • As US, China agree to co-operate on North Korea nuclear tests

Nigeria Deposit Insurance Corporation, NDIC, yesterday called on depositors of liquidated banks in Enugu State to come forward and claim their money. A breakdown showed unclaimed depositors’ fund of N17.02m from three micro finance banks, as well as N43.68m for depositors in the closed Havard Trust Savings and Loans. Managing Director/ Chief Executive of NDIC, Alhaji Umaru Ibrahim, made the call at the ongoing 27th Enugu International Trade Fair. Ibrahim, who was represented by Mr. Nicholas Ayuba Ibrahim, urged depositors who have funds in liquidated banks “to endeavour to file their claims with the corporation for immediate payment.”

“I wish to use this opportunity to call on depositors of the three MFBs here in Enugu, whose licences were revoked recently to, as a matter of urgency, come forward and file claims for payment of their deposits. “Of the total insured deposit, amounting to N75.49 million for the three MFBs, N58.47m has been paid, leaving a balance of N17.02m. “Furthermore, depositors of the closed Havard Trust Savings and Loans, also in Enugu, are advised to file their claims as N37.96m only has been paid to some of them to date out of the insured sum of N81.64m, leaving an outstanding balance of N43.68m.” The NDIC boss equally cautioned Nigerians against patronising ‘wonder banks,’ which he said “offer mouthwatering interest rates to dupe unsuspecting members of the public of their hard earned incomes in the name of investments.

“For the avoidance of doubt, these ‘wonder banks’ or illegal funds managers are neither licensed by either the Central Bank of Nigeria, CBN or Securities and Exchange Commission, SEC, nor are they under the NDIC deposit insurance scheme.” While urging members of the public to avail themselves the opportunity of the NDIC help desk, Ibrahim disclosed that “there are 958 micro finance banks, and 62 primary mortgage banks in the country as at December 31, 2015. He added that the corporation has embarked on a nationwide sensitisation on NDIC’s mandate and financial literacy for NYSC members, a process that led to the education of over 27,000 members of the scheme.

In the meantime, China and the United States will work together to try to prevent further missile tests by North Korea, US President Barack Obama says.

In recent weeks, North Korea has carried out a hydrogen bomb test and repeatedly test-fired missiles.

Mr Obama met Chinese President Xi Jinping on the sidelines of a nuclear summit in Washington on Thursday.

But hours later, South Korea’s Yonhap news agency said the North appeared to have test-fired another missile.

The latest test saw what appeared to be a ballistic missile land off the east coast of the Korean peninsula, Yonhap reported.

Mr Obama said he and Mr Xi were seeking to agree “how we can discourage action like nuclear missile tests that escalate tensions and violate international obligations”.

Mr Xi, quoted by China’s state news agency Xinhua, said it was critical all parties “fully and strictly” implemented newly-agreed sanctions. China is North Korea’s closest ally and largest trading partner.

Zheng Zeguang, China’s assistant foreign minister, said the presidents had a “candid and in-depth exchange of views on a variety of issues…and reached an important consensus”. He called the meeting “positive, constructive and fruitful”.

North Korea’s nuclear test on 6 January and a satellite launch on 7 February were violations of existing UN sanctions.

Since then, the UN and Washington passed further sanctions on Pyongyang. The UN steps were drafted with support by China and reportedly came after two months of negotiations between Beijing and Washington.

Previous UN sanctions imposed after North Korean tests in 2006, 2009 and 2013 did little to dispel its nuclear ambitions.

Much of the burden of making sure the sanctions are implemented is falling on China.

Under the new measures, any North Korean ships arriving in China must be inspected for contraband and imports halted if there is proof profits from those exchanges go towards the North’s nuclear programme.

Washington has long pushed for Beijing to put more pressure on North Korea. A White House statement in February said China’s “unique influence over the North Korean regime” gave it the chance to do so.

China’s foreign ministry last week said it was keen to push for wider talks on North Korea, involving a number of regional powers, during the meeting with Mr Obama. There was no confirmation whether new talks were agreed on Thursday.

Mr Obama also vowed to closely work on the same issue with its allies South Korea and Japan after meeting their leaders on Thursday.

“We are united in our efforts to deter and defend against North Korean provocations,” he said.

National Mirror with additional report from BBC