Na wah o! NDIC wey dey protect our money no wan hear beta news! The MD of the nigeria deposit Insurance Corporation, Thompson Sunday, don yarn say di Federal Government 50% cost-to-income ratio policy dey scatter dem gree make dem protect our savings.

According to am, e talk say even though dem dey follow di government rules well, di deductions dey stop dem from building beta Deposit Insurance Fund wey go fit save our money if wahala dey for bank side. E still stress say we need strong backup to fit help quick when banks dey fail.

Dis matter don reach far, abeg! E come from courtesy visit wey NDIC management do with di MD of di Ministry of Finance Incorporated, Armstrong Takang, for Abuja. Na as dem dey reason how to make sure money wey we dey save for bank no go waka come off our hand because of this policy wey dey constrain dem.

Thompson come talk say dem dey comply with statutory remittance obligations, which mean say dem dey give $20 for every $100 wey dem dey earn back to di government and even dey deliver dem financial statement on time.

Sah, him dey gree say dem dey transparent and dey follow di law, but he also warn say dis 50% policy no dey gree at all! Him talk say we need strong Deposit Insurance Fund to fit handle any bank wahala way fit happen without waiting for government backup.

Omo, dis matter dey hot as di MD don reveal say dem dey try get exemption from dis annoying policy. E still talk say MOFI, di Ministry of Finance Incorporated, be big player for NDIC, since dem hold 40% of di company.

Takang wey be di MD of MOFI come gree say e go assist NDIC discuss dis matter well with di finance ministry. E jazz say a strong NDIC go help keep di confidence for our financial system intact.

Dem don confirm say dem go continue dey work together for cooperation, transparency and accountability, which be wetin everybody want to hear. Na from dis same government policy wey don cause kasala since December 28, 2023, wey ask federal agencies to dey remit 50% of dem internally generated revenue go Treasury Single Account.

This policy start for January 2024, and e dey implemented by di Office of di Accountant-General. E dey meant to make wetin dem dey generate fit dey reach government level and improve revenue mobilization. But e no suppose affect how NDIC fit handle our money wey dey ground o!