Lagos - The Nigeria Deposit Insurance Corporation (NDIC) has begun verification and payment process of nsured depositors in 33 out of the 83 Micro-Finance Banks whose licences were revoked by the Central Bank of Nigeria (CBN) in December 2013.
The exercise, which began on June 2 would end on Friday, June 6, reports The Guardian.
Each of the depositor is expected to collect N200 000 base on the NDIC guidelines.
NDIC was, however silent on the when it will start the verification and payment process of the insured depositors of the remaining 50 Micro-Finance Banks.
Read more at The Guardian.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.