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NDIC Tell Depositors: Make Una Data Correct For Every Bank

Di Nigeria Deposit Insurance Corporation (NDIC) don call on bank depositors make dem make sure say di information and data wey dem get for different banks dey correct and consistent.

According to di Corporation, di reason na to make di payment of dia insured deposits faster if bank fail.

Mr Thompson Sunday, di Managing Director of NDIC, talk dis one during di Corporation special day at di 21st Abuja International Trade Fair for Abuja on Wednesday.

Sunday, wey Mr Imade Uhunmwagho, di Director of Information and Technology of NDIC, represent, talk say accurate depositors information go help di payment of insured deposits when bank fail.

Di managing director talk say di information suppose also link well to Bank Verification Number (BVN).

He talk say with technology deployment, depositors no need to suffer di stress of visiting failed banks premises or NDIC offices for routine physical verification.

Sunday urge depositors to keep dia money for licensed and regulated financial institutions.

Di managing director express regret say many Nigerians still dey keep plenty money outside di formal banking system or hand dia savings to unlicensed fund managers.

He talk say di Corporation don inaugurate an upgraded website as one-stop digital gateway for depositors and other stakeholders.

He talk say di proliferation and collapse of Ponzi schemes don show time and again di huge financial and emotional cost of putting hard-earned resources inside unregulated schemes.

He talk say if an investment promise sound too good to be true, Nigerians suppose pause, ask questions and verify before dem commit dia money.

He still talk say as part of dia commitment to make depositor protection more accessible, transparent and convenient, di Corporation inaugurate an upgraded website.

He talk say dem also dey transform di way dem take dey reimburse depositors.

Through technology deployment, including BVN, Single Customer View (SCV), NIBSS infrastructure and other digital solutions, di Corporation don move from cumbersome manual processes towards faster and seamless reimbursement.

He talk say today, verified depositors of failed banks dey receive dia insured deposits within days of bank closure.

Sunday advise depositors, creditors and shareholders of closed banks make dem use di Corporation digital platforms when dem dey process dia claims.

Mr Jideani Agabaidu, di Director-General of Abuja Chamber of Commerce and Industry (ACCI), commend NDIC for dia support of di chamber activities over di years.

Agabaidu, wey Mr Peter Ozoagu, an official of di chamber, represent, give di commendation.