Dipo Olowookere
By Dipo Olowookere
Depositors of the defunct Post Service Homes Savings and Loans Limited have been asked to submit some documents in preparation of payment to them.
The operating licence of Post Service Homes Savings and Loans was revoked by the Central Bank of Nigeria (CBN).
In June 2006, the company was granted a mortgage banking licence by the central bank to provide houses and mortgage for military personnel and the general public at affordable prices while maintaining an excellent standard.
The scheme, which is 100 per cent owned by the Army, was established as part of its commitment to the welfare of its officers and soldiers, according to a report by The Sun.
But the company was trailed with fraud allegations as its Managing Director was accused of embezzling subscribers’ funds for personal use.
The CBN revoked the operating licence of the company and since then, depositors have not been able to get their hard-earned money from the firm.
But the NDIC, a body established by the government to insure funds of depositors in financial institutions in the country, said it is already making efforts to pay those who lost their money to the company.
The NDIC, as the official liquidator of the defunct Post Service Homes Limited, has advised all depositors of the bank to visit the nearest NDIC zonal offices for the verification of their claims.
In a statement, the agency said depositors should bring with them their cheque books, passbooks, and any other evidence of account ownership as well as passport photograph together with valid means of identification.
“The NDIC, the official liquidator of the defunct Post Service Homes Savings and Loans Ltd, whose licence was revoked, is in the process of paying insured sums to the depositors of the closed bank.
“We, therefore, advise that all depositors of the bank to visit the nearest NDIC zonal offices for the verification of their claims.
“Eligible depositors are required to present their cheque books, passbooks, and any other evidence of account ownership as well as passport photograph together with valid means of identification (such as Driver’s License, National Identity Card, Voter’s Cards, and Army Identity Card, etc),” a notice from the agency said.
The NDIC zonal offices can be view in the above image.
