NDIC Intensifies Failed Banks Debt Recovery to Accelerate Depositors Payout

Nigeriacommunicationsweek | 12-02-2026 12:04pm |

The Nigeria Deposit Insurance Corporation (NDIC) has intensified debt recovery efforts involving failed banks and mobile money operators in a move aimed at accelerating payments to depositors. The Corporation is engaging its debt recovery agents to familiarise them with the enhanced tools and enforcement mechanisms contained in the NDIC Act 2023. In recognition of the

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