Bridge Bank

Bridge Bank

A bridge bank is a temporary bank organized by the regulators (CBN & NDIC) to administer the deposits and liabilities of a failed bank. Under the arrangement, the Nigeria Deposit Insurance Corporation (NDIC) is authorized to operate a failed bank for a period until a buyer can be found for its operations. Wikipedia

Bridge Bank

A bridge bank is a temporary bank organized by the regulators (CBN & NDIC) to administer the deposits and liabilities of a failed bank. Under the arrangement, the Nigeria Deposit Insurance Corporation (NDIC) is authorized to operate a failed bank for a period until a buyer can be found for its operations. Wikipedia