The bank in a circular stated that it is expedient to enrol these institutions on the platform as part of its efforts to promote a safe and sound financial system in the country.
Browsing: micro-finance banks
Sado Daniel, the North Central Secretary of the association, said this in Bida while inaugurating a micro-finance bank established by the Federal Polytechnic, Bida.
News Agency of Nigeria reports that the liquidated banks include Garu, Guddiri, Darazo, Misau, Warji and Itas Gadau microfinance banks located in different parts of the State.
President Muhammadu Buhari, represented by the Minister of State for Trade and Investment, Aisha Abubakar, said this at the 2018 Micro Finance Banking Conference/Award Night held in Abuja.
The Zonal Controller of the Nigeria Deposit Insurance Corporation, Bauchi Zonal Office, Emmanuel Vontau, gave this charge in Jos, the Plateau State capital, over the weekend at the maiden edition of the Annual General Meeting of Light Microfinance Bank Limited
Ibrahim, who made the disclosure when he appeared before the Senate Committee on Banking and Currency to defend NDIC’s 2014 budget, said the licences of the 83 banks had been revoked by CBN