The Nigeria Deposit Insurance Corporation (NDIC) has secured a court order to complete the shutdown of 96 out of 183 microfinance and primary mortgage banks. Read more: https://www.legit.ng/business-economy/money/1593141-ndic-secures-court-order-set-completes-shut-nigerian-banks-reasons
Bello Hassan, the Managing Director of NDIC revealed this at a sensitisation seminar for Judges of the Federal High Court in Lagos.
He added that the NDIC was committed to fulfilling its mandate of protecting depositors through bank supervision, failure resolution and liquidation so as to boost confidence in the financial system, Punch reports.
