Failed Banks Archives - National Wire

Failed Banks Reasons For Pool Of Unclaimed Deposits—NDIC

December 18, 2020 0

The Nigeria Deposit Insurance Corporation (NDIC) has stated that a limited understanding and the widespread misconception of the Deposit Insurance System (DIS) in Nigeria was largely responsible for the pool of unclaimed deposits following bank closures.

Failed Banks: NDIC Sets Aside N258.8 Billion To Reimburse Depositors In 2019

April 11, 2019 0

In the unlikely event of closure of licensed banks in 2019, the Nigerian Deposit Insurance Corporation (NDIC) said it has set aside a total sum of N258.767 billion in the fiscal year for the reimbursement of depositors.