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N101 billion Paid to depositors of Failed Banks in Nigeria

As of June 30, 2021, the Nigeria Deposit Insurance Corporation (NDIC) had paid a total of N101.67 billion in uninsured sums to depositors of failed banks, according to Bello Hassan, the corporation’s Managing Director/Chief Executive, Nairametrics reports. That is a good one as that can bring confidence in the financial system.