Established in 1988, the Nigeria Deposit Insurance Corporation (NDIC) is an independent agency of the Federal Government of Nigeria. Its primary mandate is to insure the deposit liabilities of licensed banks and other deposit-taking financial institutions operating in Nigeria. The corporation's mission is to protect depositors by providing a safety net, guaranteeing the settlement of insured funds in the event of a bank failure, supervising banks, and contributing to the overall stability and public confidence in the Nigerian banking sector.

Founded in

Nigeria