Bank Failure: NDIC assures Nigerian depositors of safety of their money
NDIC said it has a strong safety net system in collaboration with the CBN.
Source: gazettengr.com
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NDIC: Why deposits in closed banks remain unclaimed
TODAY Nigeria Deposit Insurance Corporation (NDIC) The Nigeria Deposit Insurance Corporation (NDIC) on Friday explained why failed banks retain high volume of unclaimed deposits, long after they have closed. It attributed the pool of unclaimed funds to a limited understanding and the widespread misconception of the Deposit Insurance System (DIS) in Nigeria. The Executive Director (Corporate Services) of NDIC, Mrs Omolola Abiola-Edewor made this disclosure in her keynote address at the opening ceremony of the 2020 Sensitization Seminar for Judges of the Federal High Court in Abuja with the t...
Source: today.ng