BusinessNewsNigeriaNDIC Recovers N8.3 Billion Naira From Banks

The Nigeria Deposit Insurance Corporation (NDIC) says it has helped depositors recover eight point three billion naira from their banks and had resolved two hundred and forty-eight customer complaints.

Mr. Bello Hassan said the complaints bothered unauthorized withdrawals which accounted for the highest number of one hundred and ninety cases, P.O.S issues accounted for thirty-three, and fraud cases which accounted for twenty-five.

The Managing Director of the corporation stated this at the forty-third Kano International Trade Fair, and also expressed the corporation’s support for the vision of the African Continental Free Trade Agreement for its potential to improve intra-regional trade.

“The contribution of the Corporation in promoting financial system stability and also intermediation would help in achieving economic growth and providing finance for businesses that participate in the continental free trade agreement,” he said.

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Hassan Umar Shallpella (Regional Correspondent)

Veteran journalist and recipient of A.B.C Yola, Reporter of the Year Award (1997), Hassan Umar Shallpella, works with WAP as a Regional Correspondence. He was trained at Institute of Mass Communication and Technology Jos and Federal Radio Corporation of Nigeria, Training School Lagos.He was a News desk Editor and a Correspondent at the Punch newspaper and till 2019, was the Deputy Editor ofThe Scope newspaper.

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