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File Claim Insured Banks FAQs NDIC Reports

How Deposit
Insurance Works?

1

Guarantees Bank Deposits

<p>We Insure deposits at CBN-licensed banks<strong>, </strong>guaranteeing depositors repayment up to a set limit if the bank fails.</p>

2

Bank Supervision

<p>We co-supervises banks with CBN to keep them sound and protect depositors' funds.</p>

3

Bank Failure Resolution

<p>We collaborate with the CBN to address issues that may lead to bank failure.</p>

4

Bank Liquidation

<p>We pay guaranteed sums from the Deposit Insurance Funds (DIF) on bank failure; recovers excess from bank asset sales.</p>

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