Nume EkegheThe Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of insured deposits to customers of the 46 microfinance banks whose operating licences were recently revoked by the Central Bank of Nigeria (CBN) last month. He said the Corporation moved swiftly to begin reimbursing depositors after the CBN revoked the licences of the affected microfinance banks and appointed the NDIC as provisional liquidator. We have started paying depositors of those banks, and gradually we intend to cover all the insured depositors,” Sunday said. According to him, Heritage Bank evolved through the acquisition and merger of several financial institutions, including Enterprise Bank, which itself inherited customers from banks such as Spring Bank and Guardian Express. Jaha said: “The ongoing banking sector recapitalisation programme also presents an opportunity to build stronger, better-capitalised, and more resilient financial institutions capable of supporting Nigeria’s aspiration to become a one-trillion-dollar economy.