This Day (Lagos)

Nigeria: NDIC Pays N6.682 Billion to Depositors As At August

By Obinna Chima, 10 November 2012

The Nigeria Deposit Insurance Corporation (NDIC) said it has paid cumulative insured deposit of N6.682 billion to depositors of 48 liquidated deposit money banks (DMBs) as at August 31, 2012.

The amount represented a slight increase of N46, 000, compared with the N6.636 billion paid to 527,942 depositors as at December 31, 2011.

Managing Director/Chief Executive Officer, NDIC, Alhaji Umaru Ibrahim, made this known in an address delivered on the occasion of the corporation's special day at the 2012 Lagos International Trade Fair in Lagos.

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