The Nigeria Deposit Insurance Corporation has taken steps to protect customers of failed financial institutions. A cumulative total of N69.65bn has been paid to insured depositors. This action aims to provide support to those affected by the failure of these institutions.

Further details about the payment and the institutions involved are not specified. However, more information can be found through additional sources. The payment of N69.65bn indicates a significant effort to address the needs of depositors who have been impacted by bank failures.

For a more detailed understanding of the situation, additional reading is available, providing insight into the actions taken by the Nigeria Deposit Insurance Corporation.