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NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

NDIC saved N949bn depositors’ funds in failed Skye Bank – MD

NAN The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City on Tuesday at the opening of a workshop for financial journalists organised by the NDIC. He said that the saving was achieved through […]
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Bridge Bank option saves financial system from systemic risks, says NDIC

Bridge Bank option saves financial system from systemic risks, says NDIC

Omodele Adigun To curtail the spread of systemic risks that could trigger massive lay-off in the financial sector, the use of bridge bank option to resolve the failure of the defunct Skye Bank has been adjudged the most effective way.  According to the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, […]
The post Bridge Bank option saves financial system from systemic risks, says NDIC appeared first on The Sun Nigeria. …

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