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The NDIC paid N37.65 billion to depositors of failed banks, including N4.06 billion to insured depositors and N33.59 billion in liquidation dividendsThe corporation also recovered N42.69 billion from debts owed by failed banks, generated N14.72 billion from asset sales and investmentsNDIC said it is using BVN technology to speed up payments to depositors and is working with the CBN to strengthen the banking sector
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it paid a total of N37.65 billion to customers of failed banks in 2025, including insured deposits and liquidation dividends for uninsured funds.
Speaking on Monday at the second-quarter 2026 Citizens and Stakeholders’ Engagement Session organised by the Federal Ministry of Finance in Abuja, the Managing Director of the NDIC, Thompson Sunday, said the corporation disbursed N4.06 billion to 13,446 insured depositors
