Depositors, Creditors, Shareholders, Others, On Red Alert, As CBN Revokes The Operating Licences Of 42 Micro-Finance Banks

Emerging report reaching Page 36 on Monday morning, indicates that the Central Bank of Nigeria, CBN, has revoked the Operating Licences of 42 Micro-Finance Banks.

The Nigeria Deposit Insurance Corporation, NDIC, disclosed this in an announcement on its website, titled: ‘Notice of closure of 42 Micro-Finance Banks’.

The statement read: “This is to inform the Depositors, Creditors, Shareholders, and the general public, that the Operating Licences of the under listed 42 Micro-Finance Banks have been revoked by the Central Bank of Nigeria, effective 12th November, 2020.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 NDIC listed the names and addresses of the affected Banks.

More news later…

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