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NDIC Begins Payment of Insured Sum to Depositors of 182 Liquidated Banks

By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation said it has embarked on process of paying all depositors of 182 banks affected by the recent revocation of the licenses by the Central Bank of Nigeria. The affected banks include 178 Microfinance Banks and four Primary Mortgage Banks, 62 of whom had already closed shop, ....

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