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NDIC Pays N11.50Bn To Failed Banks’ Depositors

The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, on Tuesday disclosed that the corporation had paid a total of N11.50 billion to depositors, creditors, shareholders and other stakeholders of closed financial institutions as at end of last year. This is even as he hinted that N368.43 million was recovered by the […]