National Insurer Disburses N1.7bn To 42,000 Depositors of Failed Nigerian Banks

 Speaking on the sidelines of the event, Bello said: “Earlier this year in May, the Central Bank of Nigeria (CBN) revoked the licenses of 183 institutions comprising microfinance banks and primary mortgage banks and we quickly advertised that the depositors of those institutions should come forward to get them verified so that we can pay them the insured amount.
“In terms of the insured amount paid today, we have paid more than N1.7 billion to more than 42,000 customers and we are calling on customers who had no BVN attached to their accounts in those microfinance banks to come forward and reach out to us at our offices across the six geopolitical zones so that they can get themselves verified so we can pay the insured amount,” he explained.