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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, 2020. Consequently, the Corporation as the official liquidator of the banks commenced the process of closure and payment of insured sums to verified depositors of the banks.
In carrying out this mandate, the Corporation has requested all depositors of the closed banks to visit the respective banks’ addresses from Monday 21st – Thursday 24th December 2020 where NDIC officials would be on the ground to verify their claims.