50% Cost-to-income Policy Weakens Deposit Insurance Fund, Says Corporation

The managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Oludare Sunday, has raised concerns over the federal government’s 50 per cent cost-to-income ratio policy, warning that it poses operational constraints on the corporation and weakens its capacity to build a robust Deposit Insurance Fund (DIF). Sunday said the policy, which requires significant

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