NDIC commences process to conclude the liquidation of 89 MFBs, PMB

Nigeria’s Deposit Insurance Corporation has begun winding up 89 insolvent

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […] The post NDIC commences process to conclude the liquidation of 89 MFBs, PMB appeared first on Vanguard News.