Guide to Depositors of Closed Banks on Filing of Claims to the Corporation (For Individual Depositors)
- Download the Depositors Verification Form (CRD VF1)
- Fill in the following required fields:
- Name of the closed bank
- Depositor’s name
- Depositor’s signature
- Depositor’s current contact address
- Type of deposit account
- E-mail address (if any)
- Mobile phone number
- Current bank account details
- Attach one recent passport-sized photograph
- Fill the checklist form, sign and date it
- Attach a proof of deposit (passbook, chequebook, term deposit certificate, statement of account, etc)
- Attach a valid means of identification (Driver’s Licence, International Passport, National Identity Card, NIN Slip/Card, Voters card, or written identification by a traditional ruler or Local Government Chairman)
All completed forms and supporting documents should be sent to:
The Director
Claims Resolution Department
Nigeria Deposit Insurance Corporation
Mamman Kontagora House (MKH)
23 A Marina, Lagos
Alternatively, the documents should be scanned and sent to claimscomplaints@ndic.gov.ng
Related Articles
How does NDIC Protect Bank Depositors against Loss?
The NDIC protects bank depositors against loss through: a) Deposit Guarantee This is the most significant and distinct role of the NDIC. As a deposit insurer, the NDIC guarantees payment of deposits up to the maximum insured sum of N500,000 to a ...
Is NDIC granting any financial assistance to my bank during crisis?
Yes. The NDIC Act 2023 empowers the Corporation under sections 49 - 50 to provide financial and technical assistance to eligible insured financial institutions in the interest of depositors, in case of imminent or actual financial difficulties ...
What Methods of Payment does the NDIC use in meeting its Obligations to Depositors of a Failed Institution?
The NDIC could pay depositors of a failed insured institution either by transfer to a financial institution with instructions to effect payments to depositors on its behalf, or directly by means of issuing cheques up to the insured limit which will ...
How are Depositors of failed Insured Institutions informed about the Commencement of Payment of Insured Deposits by the NDIC?
Announcements would be made through the media (television, radio, newspapers) and NDIC posters at the Head Offices and branches of the closed banks as to when the payment of deposits would commence.
If a Depositor has more than the Maximum Insured Amount as Deposit in a Closed Bank, Is He Entitled to any further Claim for the amount of His Deposits in Excess of the Maximum Insured Amount paid by the NDIC?
Yes. In a situation where the amount of depositors’ fund in a closed bank exceeds the maximum insured amount, the owners of such accounts will share, on a pro-rata basis, in any proceeds from the liquidation of the bank’s assets with other general ...