NDIC Commences Payment of dividends to stakeholders of Pearl MFB
By Patience Ikpeme
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of liquidation dividends to the stakeholders of Pearl Microfinance Bank (MFB) in liquidation.
This means that depositors, creditors, and shareholders of the now-defunct Pearl MFB can begin claiming their rightful shares.
The NDIC made this known on its X (twitter) handle. It described the development as a step towards settling outstanding obligations and providing some financial relief to those affected by the bank’s liquidation.
To facilitate the process, NDIC said all concerned stakeholders are required to visit the nearest NDIC office between May 26th and July 4th, 2025. During this period, they will undergo verification of their claims to ensure that payments are made accurately and securely. This verification process is crucial to confirm identities and validate the claims, making sure that every eligible party receives their due compensation.
When visiting the NDIC office, stakeholders must bring several important documents. These include one recent passport-sized photograph and proof of their deposits or shares in Pearl MFB. Acceptable proofs include passbooks, cheque books, term deposit certificates, or statements of account.
Additionally, a valid means of identification is necessary, such as a driver’s license, international passport, national identity card, NIN slip or card, voters card, or a written identification from a traditional ruler or local government chairman.
For those who may find it difficult to visit the NDIC offices physically, there is an alternative option available. Stakeholders can visit the claims page on the NDIC website, download and complete the claims form, and then email it to claimcomplaints@ndic.gov.ng. This online option provides a convenient way for stakeholders to submit their claims without the need to travel, ensuring wider accessibility to the payment process.
This initiative by the NDIC marks a positive development in the resolution of the Pearl Microfinance Bank liquidation. It demonstrates the commitment of regulatory authorities to protect the interests of depositors, creditors, and shareholders, and to restore confidence in the financial system. Stakeholders are encouraged to act promptly and take advantage of this opportunity to claim their dividends within the stipulated timeframe.
