The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting depositors’ funds and promoting financial stability in the country. The Managing Director/Chief Executive of NDIC, Mr Thompson Oludare Sunday, made the assertion at the ongoing 47th Kaduna International Trade Fair on Wednesday. Sunday emphasised that NDIC’s mandate encompasses deposit insurance coverage for depositors of licensed banks, bank supervision, distress resolution, and liquidation of failed banks. NDIC’s presence at the trade fair has been welcomed by participants, who appreciate the corporation’s efforts to promote financial stability and protect depositors’ funds. The NDIC Special Day at the trade fair featured presentations, exhibitions, and interactive sessions, providing opportunities for attendees to learn more about the corporation’s activities and initiatives.

Source: Nigerian Tribune February 11, 2026 19:03 UTC