A cumulative amount of N26.75bn has been recovered from debtors of liquidated banks, the latest statistics obtained from the Nigeria Deposit Insurance Corporation have showed.
The corporation, in its 2014 annual Report and Statement of Account for the banking sector, indicated that the amount was N1.44bn higher than what was collected from the bank debtors in the 2013 financial year.
For the microfinance banking segment of the financial sector, the report said a cumulative amount of N127.64m was recovered from debtors within the 2014 financial period as against N44.98m in 2013.
Other highlights of the report made available to our correspondent on Friday showed that the total number of closed Deposit Money Banks increased from 48 in 2013 to 49 in 2014 just as the number of banks in liquidation increased to 46 in 2014 from 45 in 2013.
The increase, it added, was due to the revocation of the operating license of African International Bank Limited by the Central Bank of Nigeria.
Other banks whose licenses were revoked are Financial Merchant Bank Limited, Capital Merchant Bank, Alpha Merchant Bank, United Commercial Bank, Abacus Merchant Bank, Allied Bank, Century Merchant Bank, Commerce Bank Plc, Continental Merchant Bank Plc and Crown Merchant Bank.
It said, “The total number of closed DMBs increased to 49 in 2014 from 48 in 2013 while the number of banks in liquidation increased to 46 in 2014 from 45 in 2013.
