Depositors’ Funds Safe In Nigerian Banks – NDIC

The Nigerian Deposit Insurance Corporation (NDIC) has said depositors' funds are safe in the nation's banks and other financial institutions in spite of the uncertainty in global financial system.

The Corporation's Director, Assets Management Department, Bashir Umar, told journalists in Sokoto on Thursday that, "The NDIC is there in case of any failure of the banks and other financial institutions to honour their statutory obligations.

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