The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks.
The Nigerian Deposit Insurance Corporation announced this in a statement, urging depositors with the banks to visit the banks and meet NDIC officials for the verification of their claims from December 21 to 24, 2020.
“This is to inform the depositors, creditors, shareholders and the general public that the operating licenses of the under listed 42 microfinance banks have been revoked by the Central Bank of Nigeria effective 12 November, 2020.
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“The Nigeria Deposit Insurance Corporation, the official liquidator of the banks whose licences were recently revoked, is in the process of closing the listed banks and pay their insured depositors.
“We, therefore, request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21 December, 2020 until Thursday, 24 December, 2020,” it said.
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