The Nigeria Deposit Insurance Corporation on Tuesday said it was currently seeking aid from the World Bank to enable it develop a framework that would be used in determining the strength of its Deposit Insurance Fund. The Managing Director, NDIC, Alhaji Umaru Ibrahim, said at the International Association of Deposit […]
Tag: Nigerian Deposit Insurance Corporation
NDIC pays N6.68bn to failed banks’ depositors
The Nigerian Deposit Insurance Corporation has said that it paid a cumulative insured deposit of N6.682bn to depositors of 48 banks in liquidation as at August 2012. The Managing Director, NDIC, Mr. Umaru Ibrahim, said the amount was against the N6.636bn paid to 527,942 depositors in December 2011. He spoke […]
