- Depositors with balances over N5 million would receive their liquidation payouts, according to the NDIC
- The NDIC remains committed to protecting depositors from the adverse effects of bank collapses
- In unexpected times, the NDIC reduces the likelihood of bank runs and fosters trust in the banking sector
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
The Nigeria Deposit Insurance Corporation (NDIC) said depositors with balances exceeding N5 million will also be paid from their liquidation dividends.
