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.
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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.
NDIC Nigeria
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
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- 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
- Abuja
- Tel: (09) 460 1380 –
- 9 (09) 617 1380 – 9
- Fax: (09) 628 5717
- E-mail: info@ndic.gov.ng, helpdesk@ndic.gov.ng
- Website: www.ndic.gov.ng
Lagos Office
- Mamman Kontagora House
- 23A Marina P.M.B. 12881
- Lagos Nigeria
- Tel: 08033401779
- Fax: (01) 264 7848
- Email: itamunoalasi@ndic.gov.ng
Q: NDIC Zonal Offices/Controllers?
Zonal Offices
Bauchi State
Plot No. 3 Bank Road
Bauchi.
Tel: 08033306149
Email: belloaa@ndic.gov.ng
Benin State
28A & B Benoni Hospital Road
Off Airport Road, G.R.A.
Benin City
Tel: 08023307036
Email: ikediashija@ndic.gov.ng
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Enugu State
10 Our Lords’ Street Independence Layout
Enugu
Tel: 08033006999
Email: ikwuevu@ndic.gov.ng
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Kwara State---
No 10, Sulu Gambari Road
Ilorin.
Tel: 08023123185
Email: alabiog@ndic.gov.ng
Kano State
Plot 44/45, Muhammad Muhammad Avenue,
Off Maiduguri Road, Hotoro, G.R.A.
Kano
Tel: 08173283539, 08053283539
Email: oniyangiks@ndic.gov.ng
Rivers State
No. 104 Woji Road Off Olu Obasanjo Road
GRA Port-Harcourt
Tel: 08050627220, 09068888632
Email: onwumereco@ndic.gov.ng
Sokoto State
No. 2 Gusau Road, Opposite NNPC Mega Station
Sokoto
Tel: 08033155162
Email: suleimanam@ndic.gov.ng
Adamawa State
No. 6 Numan Road P.M.B. 2227 Jimeta-Yola
Adamawa State
Email:
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