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NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

NDIC begins payout to depositors after CBN revokes licences of 46 microfinance banks

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of paying insured deposits to customers of the 46 microfinance banks whose operating licences were revoked by theCentral Bank of Nigeria(CBN). In a statement issued on Wednesday by the Head of Communication and Public Affairs...

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