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NDIC begins verification of depositors in failed Microfinance Banks -

MONEY MARKET The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) whose operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. This was disclosed in a statement signed by the Director, Claims Resolution Department of the Corporation, Mrs. Nurat Ajigbewu. According to the NDIC, the CBN revoked the operating licences of the failed MFBs with effect from Thursday 12th Novem...
Nigeria General Cross River Nurat Ajigbewu Emma Ujah Babajide Komolafe Aguda Titun

NDIC begins closure of 42 microfinance banks

Share Following the revocation of the licences of 42 microfinance banks, on Friday, Nigeria Deposit Insurance Corporation (NDIC), on Monday, said it has commenced their closure. The closure commenced with verification of their respective depositors. This was disclosed in a release signed by the Director, Claims Resolution Department of the Corporation, Mrs Nurat Ajigbewu. According to the NDIC, the CBN revoked the operating licences of the failed MFBs with effect from Thursday, November 12, 202...
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