Browsing Tag
Depositor Protection
2 posts
NDIC Begins Reimbursements for Customers of 46 Closed Microfinance Banks
The NDIC has commenced payouts to depositors of 46 microfinance banks following their license revocation by the CBN, utilizing automated payment systems to expedite the process.
Legislators and NDIC Collaborate to Enhance Bank Depositor Protections
The NDIC and the House of Representatives are enhancing Nigeria’s financial safety net to protect depositors following the recent banking sector recapitalization exercise.