NDIC secures N556m judgment for depositors of defunct bank

First Bank The Nigeria Deposit Insurance Corporation (NDIC) has secured a landmark judgement to the tune of N556.49 million for the depositors of the defunct Lead Merchant Bank Limited. The judgement, delivered by Justice Ibrahim N. Buba of Federal High Court, Lagos, was in a matter instituted by First Bank of Nigeria (FBN) Plc over …

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