Nigeria Deposit Insurance Corporation (NDIC) has disbursed a cumulative insured N1.084 billion to 29,573 depositors as at September 22, this year.
Deposit Insurance Corporation has disbursed a cumulative insured N1.084 billion to 29,573 depositors as at September 22, this year.Managing Director, Nigeria Deposit Insurance Corporation , Mr.
All these, he noted, were “part of the corporation’s contributions of ensuring the stability of the financial system by effectively complementing the CBN in supervising the banking sector and safeguarding depositors funds from the adverse effects of bank failures when it occurs.”NDIC to pay liquidation dividend to depositors of defunct Peak Merchant Bank
Hassan declared also that “we at the NDIC hold the strong view that “Knowledge is Power”, and we believe that an informed depositor can make better financial decisions. I urge the public to be cautious of illegal fund managers, often referred to as “Wonder Banks” or “Ponzi Schemes.” “Members of the public are therefore advised to patronize only banking institutions with a display of the NDIC Stickers carrying the words: “Insured by NDIC” in their banking halls or entrances and various branches across the country.
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