- The NDIC is looking to complete the shutdown of banks whose licenses were revoked by the CBN
- A court order has been secured to begin liquidation and subsequently pay off customers of affected financial institutions
- NDIC assures depositors of the safety of funds and expresses readiness to work with the judiciary for a strong financial system
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigeria Deposit Insurance Corporation (NDIC) has secured a court order to complete the shutdown of 96 out of 183 microfinance and primary mortgage banks.
