Nigeria Deposit Insurance Corporation (NDIC), Nigeria


About NDIC

The Nigeria Deposit Insurance Corporation (NDIC) is an independent Agency of the Federal Government established by Decree No. 22 of 1988 (as amended), repealed and re-enacted as NDIC Act 2023, with the objective of administering Deposit Insurance System (DIS) in Nigeria.

The NDIC has the obligation of protecting depositors and guaranteeing the payment of insured sums in the event of the revocation of license of an insured deposit-taking financial institution by the Central Bank of Nigeria (CBN)

The Mandate of NDIC are as Follows:

  • Deposit Guarantee
  • Bank Supervision
  • Distress Resolution
  • Bank Liquidation


To be one of the Best Deposit Insurers in the World


To protect depositors and contribute to the stability of the financial system through effective supervision of insured institutions, provision of financial and technical assistance to eligible insured institutions, prompt payment of guaranteed sums and orderly resolution of failed insured financial institutions.

Core values

  • Team Work – We work together to achieve common goals
  • Respect & Fairness – We treat others like we would like to be treated
  • Integrity – We are committed to doing what is right and just at all times
  • Professionalism – We strive for excellence in all aspects of our work
  • Passion – We put passion into everything we do; it helps us to achieve more

NDIC Key Stakeholders

Mr. Bello Hassan
Managing Director/
Chief Executive


List of Board Members

  • Permanent Sectary Federal Ministry Of Finance - Chiarpserson
  • Managing Director of NDIC
  • Executive Director Operations of NDIC
  • Executive Director Corporate Services of NDIC
  • Director Bank Supervision Department of CBN
  • Director General of SEC
  • One independent Director

Names, titles and contacts of Executive Management Members/Heads of Departments

 Mr. Bello Hassan  Managing Director/Chief   Executive
 Mr. Mustapha M. Ibrahim  Executive Director   Operations  
 Mrs. Emily C. Osuji  Executive Director   Corporate Services  
 Dr. Kabir S Katata  Director of Research, Policy   & International, Relations


Contact information

  • Physical address : Nigeria Deposit Insurance Corporation, Plot 447/448 Constitution Avenue,Central Business District, Abuja, Nigeria
  • Phone Number : +23494601030
  • Email address :
  • Website :