![At 3-33 on 9th oct, some children Playing inside Aayin Camp Benue [Photo Credit Popoola Ademola Premium Timesv]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2026/03/WhatsApp-Image-2026-03-07-at-05.54.10.jpeg?resize=360%2C180&ssl=1)
NDIC to conclude liquidation of 89 microfinance banks, others
The 89 closed banks were part of the 179 MFBs and 4 PMBs whose banking licenses were revoked by the ...
ADVERTISEMENT
The 89 closed banks were part of the 179 MFBs and 4 PMBs whose banking licenses were revoked by the ...
The second liquidation dividend was payable at a rate of 5.2 kobo for every N1 on outstanding uninsured balances
NDIC relies on these valuations to effectively liquidate assets and pay depositors.
The funds to pay the depositors were realised from sales of the bank’s assets and recovery of debts owed.
The development follows months of uncertainty for customers who held large balances at the lender before its abrupt closure.
