The Nigeria Deposit Insurance Corporation and the Nigeria Inter-Bank Settlement System Plc are set to formalise a new partnership aimed at significantly improving the speed and efficiency of reimbursing depositors whenever banks fail.
The planned collaboration, to be sealed through a Memorandum of Understanding, was disclosed on Tuesday by the Managing Director and Chief Executive of the NDIC, Mr Thompson Oludare Sunday, during a courtesy visit by the NIBSS executive management team to the Corporation’s headquarters in Abuja.