NDIC boss predicts upsurge of MFBs listing on NAMB
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has predicted more microfinance banks will join National Association of Microfinance Banks Unified Information Technology (NAMBUIT) platform this year.
Hassan made the prediction at the 2022 NDIC Editors Forum.
The theme of the Forum is “Deposit Insurance System (DIS) and Financial System Stability’’, on Monday in Lagos.
The NDIC boss said that at the end of 2022, the NAMBUIT platform had onboarded some microfinance banks.
“The Corporation, in collaboration with the Central Bank of Nigeria(CBN), has been working on the National Association of Microfinance Banks’ In-flight Information Technology platform.
“The platform provides uniform banking application to all microfinance banks to facilitate easy submission of returns to the CBN and the NDIC.