To aid depositors of some Nigerian banks that collapsed several years ago under previous administrations, do you know that the Buhari administration has recently paid them about N113bn as their entitlements?
In their hundreds of thousands, the depositors were categorized into Insured Depositors and Uninsured Depositors and they were all paid their entitlements as stipulated in the Bank Liquidation Mandate, and even shareholders of the failed banks also received their own entitlements.
These payments were effected in June 2022, and was disclosed by the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan at a workshop for journalists held in Port Harcourt on Monday, October 28, 2022. And this is good for reflating the economy.
Yes, Nigeria is on track!