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281m depositors insured against bank failure – NDIC

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281m depositors insured against bank failure – NDIC

30 Jun, 2026

The Nigeria Deposit Insurance Corporation has said that more than 281 million depositors across the country’s banking system are protected against bank failure, following reforms that significantly expanded deposit insurance coverage and accelerated reimbursement of customers of failed banks. The Managing Director and Chief Executive Officer of the NDIC, Thompson Sunday, disclosed this on Monday during the second quarter 2026 Citizens and Stakeholders’ Engagement Session organised by the Federal Ministry of Finance in Abuja.............….......READ MORE