The Nigeria Deposit Insurance Corporation (NDIC) has warned that the Federal Government’s mandatory fiscal deductions are constraining the Corporation’s ability to build a robust Deposit Insurance Fund (DIF). According to the Managing Director/Chief Executive of the corporation, Mr. Thompson Oludare Sunday, the mandatory 50% cost-to-income policy is constraining the Corporation’s ability to build a robust Deposit Insurance Fund required to safeguard bank depositors during failures. This much was revealed during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang.......................... . . . . . . . READ MORE