Nigeria, Dec. 1 -- The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Sunday, has urged members of the Nigerian Institution of Estate Surveyors & Valuers (NIESV) to maintain accuracy and professionalism in valuing assets of failed banks.

In a press statement signed by its spokesperson, Hawwau Gambo, the NDIC said it relies on these valuations to effectively liquidate assets and pay depositors.

Mr Sunday made the call during a courtesy visit by the President and Chairperson of the NIESV Council, Victor Alonge, and his executive team to the NDIC Head Office in Abuja.

He emphasised that precise valuation reports are essential for determining the true worth of assets, ensuring they are s...