The assets, liabilities and general management of a distressed bank may be taken over by...

Explanation

This question is asking about who can take over the assets, liabilities, and general management of a distressed bank. The options given are the International Bank for Reconstruction and Development, the Nigerian Industrial Development Bank, the Nigeria Deposit Insurance Corporation (NDIC), and the Nigerian Bank for Commerce and Industry.

The correct option in this case is Option C: Nigeria Deposit Insurance Corporation (NDIC).

The NDIC is a government agency in Nigeria that is responsible for protecting depositors and insured institutions in the event of a bank failure. When a bank is distressed and facing financial difficulties, the NDIC may step in to take over the bank's assets, liabilities, and general management. This is done to ensure the stability of the banking system and protect depositors' funds.

The International Bank for Reconstruction and Development (Option A) is a global financial institution that provides loans and grants to developing countries for development projects. It does not specifically deal with distressed banks.

The Nigerian Industrial Development Bank (Option B) is a development finance institution that provides financial support to industrial projects in Nigeria. It does not have the mandate to take over distressed banks.

The Nigerian Bank for Commerce and Industry (Option D) is not a recognized institution, so it is not a valid option in this case.

In summary, when a bank is in distress, the Nigeria Deposit Insurance Corporation (NDIC) can step in to take over the bank's assets, liabilities, and general management. This is done to protect depositors and ensure the stability of the banking system.