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NDIC Switches From Remita To NIBBS For Defunct Heritage Banks Customers’ Settlement

The Nigeria Deposit Insurance Corporation (NDIC) has announced the adoption of the Nigeria Inter-Bank Settlement System (NIBSS) for payment of insured depositors of the defunct Heritage Bank. NDIC said the decision was based on limitations of the Remita payment platform. NDIC disclosed this in Lagos through its Deputy Director at the Enugu Zonal Office, Pamela …

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