NDIC clears N1.48bn owed 10,312 depositors of failed banks
The Nigeria Deposit Insurance Corporation (NDIC) said it has paid N1.48 billion to 10,312 insured depositors of 47 newly closed microfinance banks (MFBs) as part of efforts to accelerate claims settlement. The payments, which were made as of July 31, 2026, covered depositors of recently closed MFBs, including Abia SME Microfinance Bank, Frontline Microfinance Bank […]
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