How To Protect Bank Depositors’ In Nigeria -NDIC

The Nigeria Deposit Insurance Corporation (NDIC), has said that effective resolution of banks in distress is critical to depositors’ protection.

The corporation said the effective resolution would also ensure the stability of the financial system.

It describes resolution plan as one put in place by regulators to facilitate the effective resolution of a distressed bank without any disruption or loss of the taxpayers’ money.

It added that the plan also served as a guide to regulators for achieving an orderly resolution in the event that recovery measures were not feasible.