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98% of bank depositors, 281m accounts insured by NDIC

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98% of bank depositors, 281m accounts insured by NDIC

06 Aug, 2026

Nigeria Deposit Insurance Corporation (NDIC) yesterday reassured on the multiple layers of protection for the Nigerian banking industry with more than 98 per cent of depositors and 281 million accounts insured by the corporation. Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Thompson Sunday, who spoke yesterday in Lagos at the retreat for members of the House Of Representatives Committee on Insurance and Actuarial Matters, said striking the right balance between innovation, consumer protection, and financial stability remains a key policy imperative..................................READ MORE