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NDIC commences payment to depositors of 154 failed Micro Finance Banks

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The Managing Director of NDIC, Umaru Ibrahim, said this at the Corporation’s day at the ongoing 14th edition of Abuja International Trade Fair.

The event scheduled for September 21 to 29 is with the theme “Remodelling SMEs Financing: Option and Solutions’’.

“Hence, the corporation successfully liquidated the failed banks and has commenced payment to the depositors of the failed banks,’’ Mr Ibrahim said. “Investigations were carried out and where necessary and customers were appropriately reprieved,’’ he said.

 

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