Tag Archives: trapped funds

The Nigeria Deposit Insurance Corporation, NDIC, has made it known that more than N2.54 billion belonging to some local governments and Ministries, Departments and Agencies (MDAs) of the federal and state governments are trapped in 47 banks in-liquidation, without the affected parties filing proof of claims for insured deposits and liquidation dividends. Vanguard reports that the sum was broken down as ...

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