The Nigeria Deposit Insurance
Corporation is set to assess and enforce compliance level of banks in prompt payments to depositors of closed deposit money banks (DMBs) and microfinance banks (MFBs).
The corporation in a statement made
available to Daily Sun yesterday by its
spokesman, Hadi Birchi, the exercise,
which kicked off on July 30, 2012 by
Claims Resolution Department (CRD) of the firm, is to cover 93 selected
branches of the agent banks, which are spread across the country.
It noted that to effectively conduct the
exercise, the agent banks branches
had been selected on zonal basis, while 27 branches would be visited in the South West, 24 in North Central and 13 in the South South.
The corporation would also visit 15
branches in the South East, eight in the North East and six in the North West zones. It would be recalled that NDIC conducted a similar exercise in 2009, which involved 72 selected agent banks branches in the South West,North Central, North East and North West geopolitical zones of the country.
According to NDIC, one of the objectives of the exercise is to confirm
that payment to depositors is carried
out expeditiously and in conformity
with the operational guidelines already given to the agent banks by the Corporation.
The statement further explained other
reasons to “Assess and ensure that
payments of both insured and
uninsured deposits remitted to the
banks are made to the depositors of
the closed banks without let or
hindrance.
“Ensure that the banks properly keep
the payment documents forwarded to
them by the corporation such as
mandate files, signature cards,
Liquidator’s certificates, Deposit
Registers, to ensure that payment to
the depositors are not impeded by the absence of these records.
“Identify and address areas of
challenges being faced by the Agent
banks that may hinder them from
making payment to depositors of the
closed banks; and further train the
desk officers in charge of payment
where the need arises.”