The Nigeria Deposit Insurance Corporation (NDIC) has officially commenced the payment of liquidation dividends to verified creditors of the defunct Premier Commercial Bank.
The bank had its operating license revoked by the Central Bank of Nigeria (CBN) in 2000. Since then, thousands of creditors have waited over two decades for the resolution of their claims.
According to a public notice issued by the NDIC, the settlement marks the final stage in the bank’s long-drawn liquidation process. The NDIC is inviting all eligible creditors to visit any of its offices nationwide between June 2 and June 27, 2025, to verify their claims and receive their entitlements.
To complete the process, claimants are required to bring:
- A recent passport-sized photograph
- Valid proof of deposit or shareholding (such as a passbook, chequebook, certificate of deposit, or a recent bank statement)
The NDIC assured that all verified creditors will be attended to promptly and encouraged affected individuals to take advantage of the payment window.
