A total of 42 microfinance banks have lost their operating licenses after an action taken by the Central Bank of Nigeria to revoke them.
This was made known in an announcement on the Nigeria Deposit Insurance Corporation (NDIC) website.
The header titled ‘Notice of closure of 42 microfinance banks’ had reeled out the list of Microfinance Banks to be closed and urged depositors to verify claims with NDIC officials at their venues.
“This is to inform the depositors, creditors, shareholders and the general public that the operating licences of the under listed 42 microfinance banks have been revoked by the Central Bank of Nigeria effective 12th November, 2020.
“The Nigeria Deposit Insurance Corporation, the official liquidator of the banks whose licences were recently revoked, is in the process of closing the listed banks and pay their insured depositors.
“We therefore request that all depositors of these banks should visit the closed banks’ addresses and meet NDIC officials for the verification of their claims, commencing from Monday, 21st December, 2020 till Thursday, 24th December, 2020.”
The list of Microfinance Banks and addresses can be found on the NDIC official website.