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NDIC Affirms Safety Of Nigerian Banks

Financial institutions across Nigeria have been given a clean bill by the Nigeria Deposit Insurance Corporation (NDIC), with assurance that depositors’ investments are safe and … Continue reading NDIC Affirms Safety Of Nigerian Banks


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ndicFinancial institutions across Nigeria have been given a clean bill by the Nigeria Deposit Insurance Corporation (NDIC), with assurance that depositors’ investments are safe and guaranteed within the banking industry.

Batch A Corps Members who were serving in Bauchi and having their orientation programmes at the Plateau State Orientation Camp were given tips on the activities, as well as benefits of the deposit insurance scheme and how it affects the banking system in the country.

Bauchi Zonal Director of NDIC, Emmanuel Vontau, while speaking at the sensitisation of the corporation activities to National Youth Service Corps members, expressed concerns on the low level of awareness to the public on depositors’ rights.

With the Corps Members being sensitised on the activities of the NDIC, it is expected that the knowledge gained at the workshop will be taken to the places where Corps Members will be redeployed to serve; thereby creating the necessary awareness needed for the public on the activities and benefits associated with the scheme.