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NDIC adopts NIBSS to pay insured depositors of Heritage Bank

The Nigeria Deposit Insurance Corporation (NDIC) has adopted the Nigeria Inter-Bank Settlement System (NIBSS) to pay insured depositors of the now-defunct Heritage Bank, citing limitations in the Remita payment platform. Pamela Roberts, NDIC’s Deputy Director at the Enugu Zonal Office, disclosed this during a workshop for business editors and members of the Finance Correspondents Association …

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