2 days ago
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The President of the Bank Customers’ Association of Nigeria, Dr Uju Ogunbunka, has expressed interest implicit the Central Bank of Nigeria’s determination to revoke the operating licences of 46 microfinance banks, informing that the improvement volition person far-reaching consequences for customers and the broader economy.
Speaking exclusively with DAILY POST connected Thursday, Ogunbunka described the revocation arsenic a large setback for depositors, businesses and Nigeria’s fiscal inclusion drive.
DAILY POST recalls that the CBN connected July 1 revoked the licences of 46 microfinance banks, including Credit Ville Microfinance Bank and Sycamore Microfinance Bank, citing their nonaccomplishment to comply with regulatory requirements.