NDIC contributes N1b to COVID-19 relief fund

Moses Emorinken, Abuja

THE Board of the Nigeria Deposit Insurance Corporation (NDIC) has pledged donated N1billion to the COVID-19 Relief Fund.

The Director, Communication and Public Affairs of the Corporation, Sunday Oluyemi, made this known in a statement in Abuja on Wednesday.

It would be recalled that the Bankers Committee led by the Central Bank of Nigeria (CBN) at its emergency Tele- Conference call meeting on March 30, announced that the Committee and the private sector had set up an account at the CBN under the auspices of the Private Sector Coalition Against COVID-19.

The Fund receives contributions from individuals as well as corporate organisations to complement the efforts of the Federal Government in containing the spread of the pandemic.

The Board acknowledged that it was not only consistent with its policy on Corporate Social Responsibility (CSR), but also that the proceeds will be utilised in the provision of equipment and  medical facilities throughout the nation.


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