...more Click here for a map. Nigeria Deposit Insurance Corporation https://ngex.com/bd/b/Nigeria-Deposit-Insurance-Corporation_5-Ilorin-Kwara-Nigeria The NDIC -Nigeria Deposit Insurance Corporation, is an independent agency of the Federal Government of Nigeria. The purpose of the deposit insurance system is to protect depositors and guarantee the settlement of insured funds when a deposit-taking financial institution can no longer repay their deposits, thereby helping to maintain financial system stability.