MfBs

NDIC commences payment to depositors of 154 failed MFBs

NDIC commences payment to depositors of 154 failed MFBs

The Nigeria Deposit Insurance Corporation (NDIC) said it had commenced payment to depositors of 154 Micro Finance Banks (MFBs) that the Central Bank of Nigeria (CBN) revoked their licenses in 2018 due to insolvency. Alhaji Umaru Ibrahim, Managing Director, NDIC, said this at the Corporation’s day at the ongoing 14th edition of Abuja International Trade […]