Nigeria Deposit Insurance Corporation2023-11-232023-11-232014https://nigeriareposit.nln.gov.ng/handle/20.500.14186/965The Policy Guidelines on Financial and Technical Assistance for operating insured banks and other deposit taking financial institutions is aimed at broadening the statutory responsibilities of the Corporation to provide consistent and equitable financial assistance to the insured banks. The NDIC Act 2006 empowers the Corporation under sections 2 (1) (b) to give assistance to insured institutions in the interest of depositors, in case of imminent or actual financial difficulties particularly where suspension of payments is threatened to avoid damage to public confidence in the banking system.Policy objectives pg.3; Types of assistance to insured institutions pg.4; The procedure for granting financial assistance pg.6; Security and repayment pg.8; Formal agreement with the corporation for financial and technical assistance pg.8; Supplementary issues pg.10.enArticle