NDIC Assures Bank Customers Safety of Deposits

Nigerian Banks

By Modupe Gbadeyanka

**Warns Against Panic Withdrawal

Nigerians having their hard-earned money in the custody of banks licensed by the Central Bank of Nigeria (CBN) have been asked not to fear.

The Nigeria Deposit Insurance Corporation (NDIC), which gave this assurance, warned against panic withdrawal as a result of the lock down announced in some parts of the country due to the coronavirus pandemic, which has wrecked global economy.

In a statement issued on Friday, the agency said depositors should not be confused or live in fear about what to do with their money, saying, “The best place to keep your money is in banks…where it is safe and protected by NDIC.)

It emphasised that “taking your money out of banks or keeping it at home under the bed should not be an option. The NDIC has activated its Crisis Management Action Plan to prevent any negative impact on its operations and the banks under its supervision.”

It further said collaborations have been made with other relevant agencies to intensify its daily surveillance and risk assessments of licensed deposit taking financial institutions in the country.

“Furthermore, the NDIC has put in place measures to ensure that all depositors, creditors and shareholders of banks in-liquidation can continue to process their claims by filling the verification forms available on the NDIC website www.ndic.gov.ng on the following link https://ndic.gov.ng/contact-us/claims-verification-forms/.

“The completed form with all the necessary attachments should be scanned and forwarded to claimscomplaints@ndic.gov.ng,” the statement said.

The agency said it remains committed to depositors’ protection and is working closely with other relevant agencies to support the federal government to safeguard the financial sector and contribute towards economic stability as we work together as a nation and member of the global community to defeat the pandemic that confronts us together at this crucial period.

The NDIC said, “For any enquiries, depositors and the general public may wish to reach the NDIC via its 24 hour toll free Helpdesk number 080063424357 or emails helpdesk@ndic.gov.ng and info@ndic.gov.ng, where our support staff are always available to respond.

“You can also follow us or leave a message on our social media handles @NDICNigeria or /NDICNigeria (on Facebook, Twitter, Instagram, LinkedIn & YouTube).”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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