NDIC MD Affirms Commitment to Accountability and Transparency in Banking Sector

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Sunday, reiterated the agency's commitment to accountability and transparency during a visit to the Ministry of Finance. Sunday emphasized NDIC's compliance with regulatory policies and its crucial role in maintaining financial safety in Nigeria.

The agency's adherence to the federal government's 50 percent cost-income ratio policy was noted, despite operational constraints. Armstrong Takang from the Ministry of Finance commended NDIC for its collaborative spirit and fiscal regulatory compliance, ensuring the sustainability of Nigeria's financial system.