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NDIC

Nigeria Deposit Insurance Corporation

Protecting your bank deposits

Deposit Insurance

Insuring all deposit liabilities of licensed banks and such other financial institutions.

Failure Resolution

NDIC ensures that failing and failed insured institutions are resolved in a timely and efficient manner.

Bank Liquidation

The bank liquidation option is always adopted by the Corporation for banks that fail to respond to prompt corrective actions.

Bank Supervision

NDIC provides technical and financial assistance to insured financial institutions.

Deposit Insurance

Insuring all deposit liabilities of licensed banks and such other financial institutions

Bank Supervision

Giving technical and financial assistance to insured financial institutions

Failure Resolution

Ensure that failing and failed insured institutions are resolved in a timely and efficient manner

Bank Liquidation

The bank liquidation option is always adopted by the corporation for banks that fail to respond to prompt corrective actions

ABOUT NDIC

The NDIC (Nigeria Deposit Insurance Corporation) is an independent agency of the Federal Government of Nigeria. The purpose of the deposit insurance system is to protect depositors and guarantee the settlement of insured funds when a deposit-taking financial institution can no longer repay their deposits, thereby helping to maintain financial system stability.