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Monday, December 21, 2020 / 04:45 PM / By NDIC / Header Image Credit: NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has
commenced the closure of 42 Microfinance Banks (MFBs) which operating licences
were recently revoked by the Central Bank of Nigeria (CBN)
with verification of their respective depositors. This was disclosed in a
release signed by the Director, Claims Resolution Department of the
Corporation, Mrs. Nurat Ajigbewu.
According to the NDIC, the CBN revoked the operating
licences of the failed MFBs with effect from Thursday 12th November, 2020.
Consequently, the Corporation as the official liquidator of the banks
commenced the process of closure and payment of insured sums to verified
depositors of the banks. In
carrying out this mandate, the Corporation has requested all depositors of the
closed banks to visit the respective banks' addresses from Monday 21st - Thursday 24th December, 2020 where NDIC officials would
be on ground to verify their claims.
The release listed the
affected MFBs as Hedgeworth MFB, Future Growth MFB, Bagwai MFB,
Ere City MFB, Cafon MFB, Akcofed MFB
and Gufax MFB. Others
are Partnership MFB, CB MFB, Onima MFB, Hometrust (Nations)
MFB, Ringim MFB, Bigthana MFB, Rogo MFB, Makoda MFB, Takai MFB, Bebeji MEFB, Ajingi MFB, Garko MFB, Kangiwa MFB,
Augie MFB and Mopa MEB. Also on the list are Solid Base MFB, Ultimate
Benefit MFB, Ovidi MFB, Kirfi MFB, Credit Express MFB, King Solomon MFB, Riggs MFB, Billionaire Blue
Bricks MFB, Susu
MFB, Wealthstream MFB, Aguda Titun MFB, Sapphire MFB, Metro MFB, Mountain Top MFB, Unyogba MFB, Wapo MFB, Ibogun MFB, Korede MFB, Ahetou MFB
and Fufore MFB.
The Corporation requested eligible depositors to visit the banks' locations with proof of account ownership such as passbook and cheque book as well as valid means of identification to enhance their verification.
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