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NDIC explains its roles in the defunct Fortis Microfinance Bank
Kindly Share This Story:Contrary to misleading reports, the Nigeria Deposit Insurance Corporation (NDIC) has adhered to statutory guidelines on the distress resolution and liquidation of Fortis Microfinance Bank (MFB) Plc. and the protection of interest of depositors.The initial efforts by regulatory authorities involved the setting up of joint CBN/NDIC Interim Management Committee (IMC) to manage…
Benjamin Ameh