The Nigeria Deposit Insurance Corporation NDIC and the Nigeria Inter-Bank Settlement System NIBSS Plc. are set to formalise a partnership through a Memorandum of Understanding MoU aimed at ensuring faster and more efficient reimbursement of depositors in the event of bank failures.
The development was disclosed by NDIC Managing Director/CEO, Mr. Thompson Oludare Sunday, during a courtesy visit to the Corporations Abuja headquarters by the NIBSS Executive Management team led by its MD/CEO, Mr. Premier Oiwoh.
