Senate Passes NDIC Bill To Safeguard Bank Depositors’ Fund

Senate Passes NDIC Bill To Safeguard Bank Depositors’ Fund …C0NTINUE READING HERE >>>

The Senate, in its Tuesday session, passed a notable bill targeting the enhancement of the Nigeria Deposit Insurance Corporation’s (NDIC) capacity to safeguard depositors’ funds and solidify financial institutions across the country.

The bill, titled the “Nigeria Deposit Insurance Corporation Act 2023,” was approved following the review of the Senate Committee on Banking, Insurance, and Other Financial Institutions’ report.

Senator Adetokunbo Abiru (APC-Lagos) sponsored the…

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