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NDIC can never supervise banks, CBN insists

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The Central Bank of Nigeria (CBN) on Monday rejected some proposed amendments to the Nigeria Deposit Insurance Corporation (NDIC) Act, saying they were targeted as usurping some of its core mandates. Godwin Emefiele, CBN Governor, made the statement at a one-day public hearing on the “NDIC Act 2006, Cap N102 LFN 2012 (repeal and re-enactment) ...

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