Central Bank of Nigeria Approves Liquidation of 83 Microfinance Banks – NDIC

Thursday, March 6, 2014

The NDIC boss said it was discovered that some of the microfinance banks “existed only on paper, while some are used to defraud Nigerians.”

He further explained that there were about 900 microfinance banks operating in the country, out of which 83 of had been listed for liquidation.

Source: Mobile Punch Nigeria (link opens in a new window)

governance, microfinance