The Nigeria Deposit Insurance Corporation, NDIC, has been appointed as the official Liquidator of the 46 Microfinance Banks, MFBs, revoked by the Central Bank of Nigeria, CBN, on July 1, 2026. This is pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of the NDIC Act of 2023. The Corporation, in […] NDIC takes over 46 revoked microfinance banks, warns against illegal transactions