How we saved 6,000 bankers from sack, by NDIC
Not less than 6,000 workers of the defunct Skye Bank now Polaris were saved from being sacked, The Nigeria Deposit Insurance Corporation said on Thursday.
He said apart from ensuring that normal operations continued in all the 277 branches of the bank, the intervention also ensured that depositors of the closed bank had unhindered access to their deposits in excess of N949.6 billion as at June 2018. “The corporation had also been relentless in its debt recovery efforts particularly the debts owed to banks in liquidation so as to enhance payment of liquidation dividends to depositors whose balances were in excess of the insured limits.“Also in 2018, a total of N526, 397, 116.26 was recovered in respect of deposit money of banks in liquidation, N51,159,867.97 and N710, 057.83 from primary mortgage banks and micro finance banks respectively.
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