National Wire About Nigerians, Nigerian Business and Other Stories
“Clarity In NDIC And CBN Roles In Proposed Amendment Of BOFIA Critical To Effective Regulation Of Banks”–MD NDIC
In a bid to establish effective legal instruments to secure the safety and stability of the nation’s financial system, there is a need to closely examine enacting laws with a view to harmonising the positions of the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) in the NDIC Act 2006 and The Banks and Other Financial Institutions Act (BOFIA) 2004.
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