NDIC: Senate moves to safeguard depositors’ funds

NDIC: Senate moves to safeguard depositors’ funds …C0NTINUE READING HERE >>>

The Senate on Tuesday passed a bill seeking to amend the Nigeria Deposit Insurance Corporation, NDIC Act No. 33 of 2023, to strengthen the capacity of the corporation to safeguard depositors’ funds, ensure the security of financial institutions, and promote trust in the banking system.

This was sequel to the consideration of the report of the Committee on Banking, Insurance and Other Financial Institutions, chaired by Senator Adetokunbo Abiru (APC, Lagos East), during…

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