Nigeria Deposit Insurance Corporation, NDIC has called on Nigerians to remain vigilant against Ponzi schemes and other fraudulent investment platforms by ensuring that their funds are placed only in Central Bank of Nigeria’s licensed banks covered by deposit insurance provided by the Corporation’s.
The Managing Director, NDIC, Thompson Oludare Sunday who disclosed this at the Corporation’s Special Day at the ongoing Abuja International Trade Fair said vigilance is key to protecting hard-earned savings from fraudsters.
Represented by the Director, Performance Management Department, Bimpe Akande, the MD noted that despite the rapid growth and adoption of financial technology in our banking sector, traditional banks continue to play a vital role as regulatory frameworks have been strengthened to ensure the compliance and stability of all deposit-taking institutions in the country
The theme of the 2025 Abuja International Trade Fair is, Sustainability: Consumption, Incentive and Taxation.
