Bank liquidation is one of the mandates of the Corporation, which it discharges when a bank’s license is revoked by the Central Bank of Nigeria (CBN). In line with one of the strategic thrust of the Corporation i.e. operational readiness, failure resolution options most time yield positive result in Deposit Money Banks (DMBs) due to effective supervision and adherence to resolution framework. The Microfinance Banks (MFBs) on the other hand hardly meet up with the criteria set for failure resolution mechanisms. Hence, the need to keep staff abreast of closing activities and therefore be fully equipped and ready to discharge the mandate of the Corporation in line with its strategic thrust.
Senior Staff in Operations Departments.