NDIC seeks court orders to liquidate 89 failed micro finance, primary mortgage banks

The Nigeria Deposit Insurance Corporation, NDIC, says it has begun the process of concluding the liquidation of 89 closed Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, following their acquisition by new owners. The corporation disclosed this in a statement on Wednesday, signed by its Head of Communication and Public Affairs, Hawwau Gambo. NDIC said

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