Wema Bank has announced a significant financial loss to the tune of more than N8 billion which has raised concerns among customers of the deposit bank. Read more on https://newsdeskng.com/2024/01/16/fear-grips-customers-as-wema-bank-announces-n8bn-loss/

Too bad oh

Nothing to worry about isured by NDIC

augustine77:
Wema Bank has announced a significant financial loss to the tune of more than N8 billion which has raised concerns among customers of the deposit bank. Read more on https://newsdeskng.com/2024/01/16/fear-grips-customers-as-wema-bank-announces-n8bn-loss/

This is incomplete story, N8bn is to fraud and litigation. Please don't cause panic with half truth.

Nackzy:
Nothing to worry about isured by NDIC

Only #250,000 in your bank account is insured by NDIC.

BloomingDale:


Only #250,000 in your bank account is insured by NDIC.

really

Nackzy:
really

I Just checked the figures again. The NDIC’s maximum coverage limit is N500,000 per depositor per commercial, merchant, and non-interest bank, primary mortgage bank, and mobile money operator, as well as N200,000 per depositor per microfinance bank.

BloomingDale:


Only #250,000 in your bank account is insured by NDIC.

I saw 500k on their website though