NDIC Covers 99% of Depositors, Pushes for BVN Linkage   The Nigeria Deposit Insurance Corporation (NDIC) has said that about 99 per cent of depositors in Nigerian banks are fully covered under its enhanced deposit insurance scheme, urging customers to link their Bank Verification Numbers to...

NDIC Targets ₦1.5tn Debt Recovery from 150 Liquidated Banks The Nigeria Deposit Insurance Corporation (NDIC) has intensified efforts to recover an estimated N1.5 trillion in outstanding debts and assets trapped in failed financial institutions by strengthening the capacity of debt recovery agents and deploying new...

CBN Explains Revocation of Aso Savings, Union Homes’ Licences The Central Bank of Nigeria (CBN) has explained the reasons behind the revocation of the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. The apex Bank said the decision forms...

Nigerians, Listen to NDIC By Salisu Na'inna Dambatta Many Nigerians have been painfully swindled of millions of their hard-earned money through various scams. Consequently, some victims of scams commit suicide, others denied prosperity and many are left in unpayable debts. Internet scammers have stolen money from people;...

NDIC Disburses N54.62bn to Defunct Heritage Bank Depositors The Nigeria Deposit Insurance Corporation (NDIC) says it has disbursed a total of N54.62 billion to 691,418 depositors of the defunct Heritage Bank, marking a significant milestone in its resolution process less than a year after the...

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the new management of the Nigeria Deposit Insurance Corporation (NDIC) to bring their diverse experience to bear on the running of the corporation.