This is section two of the Nigeria Deposit Insurance Corporation's (NDIC) 2012 Annual Report and Statement of Account. Section two highlights the insurance activities of the NDIC with respect to coverage and the insurance premium paid by deposit money banks and other deposit-taking financial institutions. The section also covers developments in respect to the management of the two insurance funds, namely: Deposit Insurance Fund (DIF) and Special Insured Institutions Fund (SIIF) in 2012. While the DIF is the aggregation of premiums paid by deposit money banks (DMBs) over the years, the SIIF is that of the micro finance banks (MFBs) and primary mortgage banks (PMBs).
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