Performance of the Nigeria Deposit Insurance Corporation (NDIC)

Abstract

The Nigeria Deposit Insurance Corporation (NDIC) which is more than a decade old has since been battling with the problem of protecting depositors in case of bank failures and promoting sound banking practice and habit. Although it has made much in road with respect to payment for insured bank deposits and liquidation dividends to customers of failed banks, supervision of bank activities and so on. There is still much to be done to satisfy the citizenry. This work therefore tries to look into the corporation's achievements so far as well as its problems with a view to suggesting ways to make it more productive.