Ndic pays n2 9b 81328 failed mfbs depositors
It appears that you are referring to the recent news about the National Deposit Insurance Corporation (NDIC) paying out N2.9 billion to 81,328 failed Microfinance Banks (MfBs) depositors in Nigeria.
Here's a brief summary of the news:
The NDIC, a regulatory agency responsible for ensuring the stability and soundness of the financial system in Nigeria, has announced that it has paid out a total of N2.9 billion to 81,328 depositors of failed Microfinance Banks (MfBs) in the country.
The payment was made in accordance with the NDIC's mandate to protect depositors' funds and ensure that they receive a portion of their deposits in the event of a bank failure. The payment was made to depositors who had their accounts frozen due to the failure of the MfBs.
The NDIC has been working to resolve the issues surrounding the failed MfBs and has been paying out deposits to affected depositors. The agency has also been working to strengthen the regulatory framework for MfBs to prevent future failures.
It's worth noting that the payment of N2.9 billion to 81,328 depositors is a significant achievement for the NDIC and demonstrates its commitment to protecting depositors' funds and ensuring the stability of the financial system in Nigeria.