42 microfinance banks (MfBs) have had their operating licenses withdrawn by the Central Bank of Nigeria (CBN). Nigeria Deposit Insurance Corporation (NDIC) which stepped in to wind down the banks, said earlier that it would promptly commence the verification of claims of depositors from Monday December 21. The affected microfinance banks are – Hedgeworth MFB, Utako, Abuja; Future Growth MFB, Utako, Abuja; […]
