The Role Of Nigeria Deposit Insurance Corporation In The Banking Sector

INTRODUCTION 1.1STATEMENT OF THE PROBLEM AND OBJECTIVE OF THE STUDY (PURPOSE OF THE STUDY)Over the years the federal government was saddled with the problem of the debt owned depositors by failed banks. This the government our this as a big problem because more banks are licensed and this means more liability for the federal government. The government after looking critically at the problem decided to established an organization called NDIC (Nigeria deposit insurance corporation) to take full charges of depositors funds in collaboration with central bank of Nigeria (CBN) the idea of a NDIC in …