Mohammed Shosanya
The Nigeria Deposit Insurance Corporation, NDIC, says it would soon completely liquidate the 132 banks whose licenses were recently revoked by the Central Bank of Nigeria, CBN.
The Zonal Controller of the Corporation, Alhaji Shehu Usman,who disclosed this during the NDIC 2023 Financial Literacy Day at Kano Rumfa College,said the Apex Bank has since forwarded the bank to them for final liquidation.
Early in the week,the CBN revoked the operating licenses of 132 microfinance banks in Nigeria alongside those of four primary mortgage banks and three finance companies.
The Zonal Controller of the NDIC, noted that the responsibility of the corporation is to ensure the protection and guarantee of the financial disposition of Nigerians and that’s the reason they are cooperating with the CBN to achieve such missions.
On the Financial Literacy Day for the students, the NDIC boss, said it has become imperative for the students to be aware of financial transactions and how to go about it.
He explained that through the literacy day they are teaching students how to operate accounts including business transaction accounts for them to know how to invest their money or appropriately save it.
