NDIC Disburses N1.48 Billion to Depositors of Failed Microfinance Banks

The Nigeria Deposit Insurance Corporation (NDIC) has disbursed N1.48 billion to 10,312 depositors of failed microfinance banks, according to THISDAYLIVE. Managing Director/Chief Executive of NDIC, Mr. Thompson Oludare Sunday, stated this during a meeting in Abuja. He emphasized that service excellence, technology, and stronger processes are central to the corporation’s efforts to protect depositors. The NDIC plays a crucial role in safeguarding depositors’ funds in the event of a bank failure. This disbursement marks another significant step in upholding this responsibility. THISDAYLIVE