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NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? - Business - Nairaland

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About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC / Pls Help My Money Was Transferred / NDIC Shuts Down 42 Microfinance Banks (2) (3) (4)

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NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by Fuckallmods: 5:05pm On Feb 03
Good evening.
Please how does one recover money from a microfinance bank after it was shut down by NDIC?

My mom had some money in IC global microfinance bank that was shut down by NDIC 2 years ago. Ever since, we’ve been pursuing the case, all to no avail.

Today I called the manager and I pretended I’m a lawyer and I have contacted NDIC on the matter and the money is at his disposal.
He denied the case, that NDIC withheld all their financing and seized their properties. But the truth is the contacts of NDIC online are unreachable so that’s why I couldn’t contact them.

Now I don’t know what to do for my mum. She’s always mentioning that money that is somewhere hanging, that she still dreams that one day somehow, she’ll receive her money.

But right now I’m confused and I don’t know what to do
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by ibechris(m): 5:10pm On Feb 03
Obviously,she will get her money back if the assets of the said bank are sold off completely or if another bank decides to take over from them.

Tell ur mum to be hopeful.
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by SalamRushdie: 5:13pm On Feb 03
Fuckallmods:
Good evening.
Please how does one recover money from a microfinance bank after it was shut down by NDIC?

My mom had some money in IC global microfinance bank that was shut down by NDIC 2 years ago. Ever since, we’ve been pursuing the case, all to no avail.

Today I called the manager and I pretended I’m a lawyer and I have contacted NDIC on the matter and the money is at his disposal.
He denied the case, that NDIC withheld all their financing and seized their properties. But the truth is the contacts of NDIC online are unreachable so that’s why I couldn’t contact them.

Now I don’t know what to do for my mum. She’s always mentioning that money that is somewhere hanging, that she still dreams that one day somehow, she’ll receive her money.

But right now I’m confused and I don’t know what to do
. How much is the money?

Every micro finance account holder is insured to the tune of 2 million Naira by the NDIC ..if the NDIC actually shut the the MFB now two years is enough to have finished validation and payments of deposit insurance claims .
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by CodeTemplar: 5:14pm On Feb 03
NDIC is her surest wayto get back her money.
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by Fuckallmods: 12:02pm On Feb 05
SalamRushdie:
. How much is the money?

Every micro finance account holder is insured to the tune of 2 million Naira by the NDIC ..if the NDIC actually shut the the MFB now two years is enough to have finished validation and payments of deposit insurance claims .
The amount is around 600k according to her… are you saying there’s a chance that she can recover the money?
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by Fuckallmods: 12:03pm On Feb 05
CodeTemplar:
NDIC is her surest wayto get back her money.
how does she get her money from NDIC? Can we contact them online?
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by alakara(m): 12:05pm On Feb 05
Fuckallmods:

The amount is around 600k according to her… are you saying there’s a chance that she can recover the money?

Engage NDIC on twitter and see their reactions.
Re: NDIC Closed A Mictofinance Bank That My Mothers Money Was In… How Do I Recover? by SalamRushdie: 2:42pm On Feb 05
Fuckallmods:

The amount is around 600k according to her… are you saying there’s a chance that she can recover the money?

Yes she will recover it in full...Go to NDIC and inquire when your insurance claim will be ready

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