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Are Your Bank Deposits Above 500 000 Naira At Risk? - Business - Mynaija

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Are Your Bank Deposits Above 500 000 Naira At Risk?

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Are Your Bank Deposits Above 500 000 Naira At Risk? by Stephen: 05:05pm On 12 Dec 2019
While waiting on the queue, I observed this NDIC, Nigeria Deposit Insurance Corporation sticker which I have seen displayed on my ATM during transactions kept within plain sight.
Does it mean that in the event of failure of Financial Institutioms, any deposits for a single Individual in various accounts linked through BVN will only be refunded up to 500 000 Naira.
Experts, please bring your opinions on this matter.

Re: Are Your Bank Deposits Above 500 000 Naira At Risk? by Stephen: 06:06pm On 12 Dec 2019
Here is a zoom in

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