NDIC: Functions,Branches,Address & Contact Details
The Nigeria Deposit Insurance Corporation (NDIC) was
established on 15 June 1988 with the sole aim of protecting depositors and guarantee the settlement of insured funds when a deposit-taking financial institution can no longer repay their deposits, thereby helping to maintain financial system stability.
--What this means is NDIC is a regulatory body established to protect depositors funds and ensure the safety and soundness of the Nigerian banking system.
This organization was formed following the recommendation of former Central Bank of Nigeria governor Ola Vincent.
Q: NDIC Nigeria Functions?
Some of the functions of The NDIC include:
- (a) The NDIC complements the regulatory and supervisory role of the Central Bank of Nigeria (CBN), although it reports to the Federal Ministry of Finance.
- (b) The NDIC advises the CBN in the liquidation of distressed banks and manages distressed banks' assets until they are fully liquidated.
- (c) The NDIC has a supervisory role over insured banks
- (d) Under a Purchase & Assumption arrangement, the NDIC
- may arrange for the assets and liabilities of a failed bank to be taken over by another bank.
- Plot 447/448 Constitution Avenue Central Business District
- P.M.B. 284, Garki
- Tel: (09) 460 1380 –
- 9 (09) 617 1380 – 9
- Fax: (09) 628 5717
- E-mail: email@example.com, firstname.lastname@example.org
- Website: www.ndic.gov.ng
- Mamman Kontagora House
- 23A Marina P.M.B. 12881
- Lagos Nigeria
- Tel: 08033401779
- Fax: (01) 264 7848
- Email: email@example.com
Q: NDIC Zonal Offices/Controllers?
Plot No. 3 Bank Road
28A & B Benoni Hospital Road
Off Airport Road, G.R.A.
Read Also: How To Set Up Netflix In Nigeria
10 Our Lords’ Street Independence Layout
No 10, Sulu Gambari Road
Plot 44/45, Muhammad Muhammad Avenue,
Off Maiduguri Road, Hotoro, G.R.A.
Tel: 08173283539, 08053283539
No. 104 Woji Road Off Olu Obasanjo Road
Tel: 08050627220, 09068888632
No. 2 Gusau Road, Opposite NNPC Mega Station
No. 6 Numan Road P.M.B. 2227 Jimeta-Yola