ABUJA — The Nigeria Deposit Insurance Corporation had paid N1.48 billion to 10,312 depositors of 47 closed microfinance banks as of 31 July 2026. The corporation said depositors are now identified through their BVN and that payments begin within three days of a licence being revoked. It also paid N1.15 billion to 1,082 depositors of Union Homes Savings and Loans and N313 million to 8,248 depositors of ASO Savings and Loans.