The Nigeria Deposit Insurance Corporation(NDIC) has issued a notice to the public of its intention to terminate liquidating activities.
The NDIC is an independent agency of the Federal Government of Nigeria. It is an insurance company with its objectives of protecting the interests of depositors and shareholders in the bank through adequate supervision.
Recently, the NDIC in a memo informed the general public of its decision as a liquidator and in accordance with the provisions of its enabling law and other relevant laws, to present an application to the Federal High Court to obtain dissolution orders of the closed banks and to release/discharge Corporation as the liquidator of the banks.
This will take effect at the expiration of thirty days beginning from the 23rd of August, 2024.
The primary mortgage and microfinance banks affected are eighty-seven and some of them include;
1 GALILEE MFB
2 PINNACLE MFB
3 ROYAL CHILDREN HERITAGE MFB Abuja
4 SAVINGS CORP MFB Abuja MFB
5 SPEC MFB Abuja
6 IMAD MFB Abuja
7 IHIMA MFB Kogi
8 LIBERTY MFB Kogi
9 OVIDI MFB Kogi
10 NEW MERCANTILE MFB Abuja
11 ALTITUDE MFB Lagos
12 BONDED MFB Lagos
13 HYBRID MFB Lagos
14 MAR-BONCH MFB Lagos
16 LASU MFB Lagos
17 SHORELINE MFB Lagos
18 SOVEREIGN MFB Lagos
19 WEALTHBASKET MFB
20 EDS MFB Lagos
21 COMPASS MFB Lagos
22 ENTERPRISE MFB Lagos
23 FREEGATE MFB Lagos
24 FUNDS MATRIX MFB Lagos
25 GREEN FIELD MFB Lagos
26 INTERGLOBAL MFB Lagos
27 KINGS MFB Lagos
28 KEYSTONE MFB Lagos
29 VINNING MFB Lagos
30 MARVELOUS MFB Lagos
31 SANTRUST MFB Lagos
32 TSM MFB Lagos
33 BIZTRUST MFB Lagos
