Tag Archives: Micro-Finance Bank

NDIC Explains Liquidation Of Fortis Micro-Finance Bank

NDIC Managing Director Alhaji Umaru Ibrahim

…Borders On Huge Non-Performing loans, High Cost Of Funds …Exorbitant Administrative And High Emoluments To successive CEOs …Poor Corporate Governance Practices The Nigerian Deposit Insurance Corporation (NDIC), has debunked insinuations that the liquidation exercise carried out on Fortis Micro-Finance Bank Plc was done in bad fate. The NDIC said that the Micro-Finance Bank came specifically under the hammer when the …

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