2015-01-07

Guidelines On Financial And Technical Assistance To Operating Insured Banks And Deposit Taking Financial Institutions.

The Nigeria Deposit Insurance Corporation (NDIC) has released guidelines for providing financial and technical assistance to insured banks and deposit-taking financial institutions in Nigeria. These guidelines aim to broaden the NDIC's statutory responsibilities and ensure consistent and equitable assistance to eligible institutions. The assistance is intended to protect depositors in cases of financial difficulties, particularly where suspension of payments threatens public confidence in the banking system. Banks seeking financial assistance should show evidence of substantial debt repayment by shareholders and a commitment to non-interbank deposit drives, among other requirements.

Nigeria

Nigeria Deposit Insurance Corporation

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