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Patronise only licensed deposit financial institutions says NDIC

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The Nigeria Deposit Insurance Corporation, NDIC, has advised depositors to patronize only deposit financial institutions licensed by the Central Bank of Nigeria, CBN
The Managing Director of NDIC, Bello Hassan, said this while briefing newsmen on the review of the maximum deposit insurance coverage level for depositors of failed banks in Abuja on Thursday.
Hassan said that only the CBN-licensed deposit financial institutions were insured by the NDIC, urging depositors not to be deceived by mouthwatering interest rates presented by some non-licensed deposit financial institutions.

Written by: bossgmsi

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