20 Failed Commercial Banks in Nigeria you should remove your money from ASAP

Nigerians who have savings in 20 failed commercial banks now have the opportunity to recover their funds. The NDIC guaranteed that no customer funds would be lost and that anyone filing claims should provide identification One of the primary worries for Nigerians with bank accounts is their funds' security.

The Nigeria Deposit Insurance Corporation(NDIC), a parastatal under the Nigerian Ministry of Finance, has recovered customers deposits in 20 failed banks. Bello Hassan, the NDIC's managing director/CEO disclosed this while speaking at the Abuja International Trade Fair.

List of failed banks in Nigeria 

  1. ABC Merchant Bank Limited
  2. Allied Bank of Nigeria
  3. Alpha Merchant Bank Pic.
  4. Amicable Bank of Nig. Limited
  5. Commerce Bank
  6. Commercial Trust Bank Limited
  7. Continental Merchant Bank Pic
  8. Cooperative & Commerce Bank Plc 
  9. Eagle Bank
  10.  Financial Merchant Bank Limited.
  11.  Icon Limited (Merchant Bank)
  12.  Ivory Merchant Bank
  13. Kapital Merchant Bank Limited
  14. Mercantile Bank of Nig. Plc.
  15. Merchant Bank of Africa Limited
  16. Nigeria Merchant Bank Plc
  17. Pan African Bank Limited
  18. Premier Commercial Bank Limited
  19.  Progress Bank of Nigeria
  20.  Rims Merchant Bank Limited.  
What should failed bank customers do? NDIC called on depositors, creditors, and shareholders of the listed closed banks to avail themselves of the verification platforms provided by the Corporation to claim their funds, The Guardian reports.

Hassan states: "Notices have also been sent to creditors of seven deposit money banks (DMBs) in-liquidation as well as depositors and ex-staff of two micro-finance banks (MFBs) and a primary mortgage bank (PMB) to come forward for settlement of their trapped funds in the failed banks. “This affected are at liberty to visit any of the corporation’s nearest offices physically or utilise the NDIC App online or visit the claim page on our website: www.ndic.gov.ng, to expedite processing of their claims."