NDIC appointed liquidator of 46 MFBs slammed by CBN

Promptnewsonline | 02-07-2026 11:24am |

By Tony Obiechina, Abuja Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026, the Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator, pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.