The
NIGERIA Deposit Insurance corporation, NDIC, has warned the Nigerian public to
be wary of “wonder banks” which offer mouth-watering deposit interests but
indeed are out to defraud unscrupulous MEMBERS of the society.
The
Managing Director, MD, of the corporation, Alh. Umaru Ibrahim, gave the warning
at a press briefing in Abuja, yesterday, to mark its 25th anniversary.
“The
problem of wonder banks are emerging again and the public must be careful about
anyone coming to them and promising very high deposit interests which could be
at the detriment of the deposit itself.
“If
someone comes and promises a very high interest in order to take YOUR
money. You should be careful because his
real intention might be to run away with your deposit”, he warned.
He
regretted that in the current efforts to sanitise the MicroFinance Banking
sub-sector, his officials couldn’t even trace the addresses of some of them,
adding,
