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In Nigeria, your prayer point should always include “may my bank never fail”. If your bank fails, the money that you saved with the bank may not be repaid to you in full. The Nigeria Deposit Insurance Corporation (NDIC) that was established by the Government to protect depositors against the loss of their insured deposits can only refund your insured deposit as follows:
Recession is still here – forget about the theoretical exit! For hardworking and positive people, it is not here to stay. It will however disrupt the flow of our activities, peace and possibly create some problems such as displacements, relocation, security and health problems temporarily.