NDIC Denies Hasty Liquidation Of Fortis MFB
The Nigeria Deposit Insurance Corporation (NDIC) has denied allegation of conducting a hasty liquidation process of the Fortis Micro-Finance Bank (MFB). This claim is part of a report in Daily Trust Newspaper on February 8 2019. The corporation countered the news print in a statement signed by Mohammed Ibrahim, its Head of Communications and Public Affairs Department. It added that the corporation has always been 'faithful and alive' to its responsibilities in protecting Nigerian Depositors at all times.The statement went further that, “the report relied on statements credited to one Garba Kurfi, Managing Director of APT Securities and Fund to the effect that the CBN and NDIC should have managed the affairs of Fortis MFB rather than embark on its outright liquidation. “He added that managing affairs of the bank, its resale or the appointment of a new management would have been better for its depositors and other banks that had business relationship with Fortis a...