Tag Archives: Nigerian Deposit Insurance Corporation (NDIC)

NDIC pays N105bn to depositors of failed banks

The Managing Director, Nigerian Deposit Insurance Corporation, Umaru Ibrahim, has said that the agency had paid N105bn to 442,615 depositors of closed Deposit Money Banks at the end of September 2017. Similarly, the corporation paid a cumulative sum of N2.88bn to 525,009 depositors of closed microfinance banks, as well as N60m to 756 depositors of closed Primary Mortgage Banks. Ibrahim, ...

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