NDIC Moves to Conclude Liquidation of 89 Microfinance, Mortgage Banks
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation has commenced the process of concluding the liquidation of 89 closed microfinance banks and primary mortgage banks following their acquisition by new owners. In a statement on Wednesday, the Corporation says the move comes after the successful execution of the Purchase and Assumption (P&A) model, under which […]
NDIC, EFCC Strengthen Partnership to Recover Bank Assets
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to working with the Economic and Financial Crimes Commission (EFCC) to recover assets and debts from failed banks and prosecute individuals responsible for bank failures. NDIC Managing Director, Thompson Sunday, made this known during a courtesy visit by NDIC management to EFCC […]