NDIC Settles 700,000 Heritage Bank Customers, Begins Payment To 46 Failed MFBs' Depositors

WIRE — The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid the insured deposits of about 700,000 customers of the defunct Heritage Bank. It has also commenced the reimbursement of depositors of 46 microfinance banks (MFBs) whose operating licences were recently revoked by the Central Bank of Nigeria (CBN). The managing director and chief

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