NDIC recovers N8.3bn for depositors in 2022

By Aliyu Inuwa Mansir

The Nigeria Deposit Insurance Corporation (NDIC) on Thursday said it had successfully resolved 248 complaints and assisted depositors recover over N8.3 billion from their respective banks between January and November 2022.

According to NDIC, the complaints bordered on unauthorized withdrawals, which accounted for the highest number of 190 cases, PoS issues which accounted for 33 cases such as charges, fees, fraud issues and others that accounted for 25 per cent.

The Managing Director and Chief Executive of NDIC, Bello Hassan represented by the Director, Communication and Public Affairs, Bashir Alhasan Nuhu made this known at the 43rd Kano International Trade Fair NDIC’s special day.

Read Also: Zulum to Campaign Council: ‘I’m against political thuggery’

“It is a delight that the theme equally resonates with the mandate, vision and mission of our corporation, which centres on protecting depositors and contributing to the stability of the financial system. It’s no gainsaying that a safe, sound and stable financial system is a pivot on which the wheel of economic growth and development revolves.

“While all our complaint platforms are active and effective, we have observed that over 95, representing 38.3% of total complaints, came through our zonal offices, 24% through our Toll-Free Help Desk and 37.7% through our other platforms.

“However, we like to encourage all depositors and other bank customers to continue to avail themselves of the opportunities provided by all our complaint channels towards resolving issues with their insured institutions. We also like to call on depositors of banks in liquidation to continue to utilise the same platforms to file their claims to the corporation for reimbursement,” he stated.