NDIC commences payment to depositors of 154 failed micro finance banks
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 licences in 2018 due to insolvency. The Managing Director of NDIC, Umaru Ibrahim, said this at the Corporation’s day at the ongoing...