Section 2: Public policy objectives.

The Corporation shall have the following public policy objectives-(a) protecting depositors by providing an orderly means of compensation in the event of failure of their insured institutions or the inability of such insured institutions to make payment to depositors:
Provided that in the latter case such payment shall only be made with the concurrence of the Central Bank of Nigeria;
(b) contributing to financial system stability through effective surveillance mechanisms in its role as a key participant in the financial system safety- net arrangement; and
(c) enhancing public confidence and financial system stability by-
(i) providing orderly exit mechanisms for failed insured institutions, and
(ii) with the concurrence of the Central Bank of Nigeria, providing a framework for the resolution of failing insured institutions.