Please share
The Nigeria Deposit Insurance Corporation (NDIC), resolved 248 complaints from its prospective depositors and recovered over N8.3 billion from their respective banks.
Its Managing Director, Mr. Bello Hassan, disclosed this at the Special Day of the Corporation at the ongoing 43rd Kano Trade Fair held at the Trade fair Complex.
He also disclosed that the complaints centered on unauthorized withdrawals, which accounted for the highest number of 190 cases of POS issues and for 33 charges/fees/fraud issues.
He was represented at the event by the director, Communications and Public Enlightenment of the Commission, Alhaji Bashir Alhassan Nuhu.
He said, the commission in partnership with other safety-net players, will therefore continue to be resolutely committed to keeping the financial system safe and sound, not only to bolster confidence, but to strongly serve its role of intermediation in support of the AFCFTA implementation in particular. and the economy in general.
He also said the corporation has always demonstrated strong and unwavering commitment to its depositor protection through its mandate of deposit guarantee, banking supervision in collaboration with the Central Bank of Nigeria (CBN), distress resolution and bank liquidation.
He added, In line with our public policy objectives of protecting small and less sophisticated depositors, the Corporation has continued to strengthen its consumer protection mechanism.
Please share