Post by Engr. Olusola Adedayo (@Moschino)

The Nigeria Deposit Insurance Corporation has commenced the payment of insured deposits to customers of 46 failed microfinance banks whose operating licences were revoked by the Central Bank of Nigeria, while intensifying loan recoveries and asset sales to reimburse depositors with balances above the insured limit.

The Nigeria Deposit Insurance Corporation has commenced the payment of insured deposits to customers...

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