The licenses of 42 Microfinance banks in the country have been revoked by the Central Bank of Nigeria.

The licenses of 42 Microfinance banks in the country have been revoked by the Central Bank of Nigeria.

Announcing that the 42 affected Micro Finance banks have been subsequently closed down, The Nigeria Deposit Insurance Corporation, NDIC, in a statement on Saturday said it will promptly commence the verification of claims of depositors of the affected banks from Today, December 21, 2020.

The Nigeria Deposit Insurance Corporation, NDIC, the official liquidator of the banks whose licences were recently revoked, futher allayed fears that depositors could loose their informing that it is in the process of closing the listed banks and paying their insured depositors and Commencing from Monday, 21st December, 2020 till Thursday, 24th December, 2020, depositors have been directed to visit the closed banks’ addresses and meet NDIC officials for the verification of their claims.

The statement added that for further clarification or any assistance, eligible depositors should contact the representatives of the director, Claims Resolution Department of the NDIC in any of the centres/zonal offices in Abuja, Lagos, Enugu, Benin, Kano, Ilorin, Bauchi, Sokoto, Yola and Port Harcourt. Among the affected Micro Finance banks is ICB Micro Finance Bank, Illah, Delta State.



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