The Depositors Protection CCorporation (DPC) has advised former depositors of the now defunct Genesis Investment Bank to file claims before the 30th of June 2017. The DPC has warned the depositors that all unclaimed deposits will be forfeited.
DPC chief executive officer Mr. John Chikura said:
If a claim is not made within the prescribed period, the unclaimed protected deposit shall be forfeited in terms of section 38(6) of the DPC Act (Chapter 24:29), and all the rights thereto shall revert to the corporation. Depositors of Genesis Investment Bank who have not yet lodged their deposit insurance claims are thus advised to file their claim forms to the DPC by June 30, 2017
Genesis was closed by the Reserve Bank of Zimbabwe after its board voluntarily surrendered its banking licence.