NDIC Begins Payout to Depositors After Microfinance Bank License Revocations in Nigeria

The Nigerian Deposit Insurance Corporation (NDIC) has started paying out to depositors following the Central Bank of Nigeria's revocation of licenses for 46 microfinance banks.

1 Jul, 22:08 — 1 Jul, 22:08

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Premium TimesMostly Factual47d ago

NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

According to the corporation, the affected banks have ceased to operate as licensed financial institutions and are no longer authorised to carry out banking business in Nigeria. The post NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks appeared first on Premium Times Nigeria.

By Ezekiel Oyero

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NDIC Begins Payout to Depositors After Microfinance Bank License Revocations in Nigeria

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NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

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