The Nigeria Deposit Insurance Corporation (NDIC) has intensified its grassroots sensitisation campaign to protect traders and transport workers from falling victim to fraudulent savings schemes and illegal fund managers.
Speaking on Tuesday at the Nyanya Market in Abuja, during a focus group discussion with members of the Road Transport Employers Association of Nigeria (RTEAN) and the National Union of Road Transport Workers (NURTW), NDIC’s Assistant Director, Corporate Communications and Public Affairs, Mr. Adegbenga Fabuyi, said the outreach aims to tackle ignorance and misinformation among small business operators in the informal sector.
Fabuyi noted that many small traders and transport workers remain vulnerable to fake money lenders and illegal cooperative schemes due to limited awareness about the protections offered by the NDIC.
He explained that the Corporation adopted the focus group discussion approach to complement its mass media awareness campaigns, allowing for direct engagement and feedback from participants.
According to him, NDIC’s goal is to ensure that every Nigerian — especially those in the informal sector — understands how to identify legitimate financial institutions, safeguard their deposits, and benefit from deposit insurance coverage.
