Business
NDIC begins verification of depositors of Unyogba microfinance bank
The corporation on its Twitter handle said the bank was located in Kogi. The NDIC said the exercise would commence between Jan. 30 and Feb. 10 at the branches of the closed banks in the state or any NDIC office. The Corporation listed the bank’s branches where the exercise would take place to include Ejule, Anyigba, Ugwolawo, Federal Polytechnic, Idah and Okpo. The NDIC called on affected depositors to present their passbooks, cheque books, other proof of account ownership together with any valid means of identification during the exercise.
It said that eligible depositors could also visit the Corporation’s website at www.ndic.gov.ng/claims to download and fill out the claims form. The News Agency of Nigeria (NAN) reports that on Dec. 21, 2020, the NDIC began to liquidate 42 microfinance banks (MFBs) across the country. The liquidation exercise followed the revocation of their licences by the Central Bank of Nigeria (CBN). In 2018, the CBN revoked the operating licences of about 153 MFBs and six Primary Mortgage Banks (PMBs).
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance8 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market7 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG