By Matthew Denis The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the…
Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan has predicted an increase in the number of microfinance banks listed on the National Association of Microfinance Banks Unified Information Technology (NAMBUIT) platform this year. Hassan made the prediction at…
By Matthew Denis The Managing Director and Chief Executive officer of Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has disclosed that the Corporation has recovered depositors’ N8.3billion from their banks and resolved 248 complaints between January to November, 2022. He…
…Says adequate funding is crucial to effective implementation of deposit insurance system By Matthew Denis The Managing Director and Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has disclosed that the corporation has paid a whopping total sum…
The Nigeria Deposit Insurance Corporation (NDIC), says it will continue to work with the Central Bank of Nigeria (CBN) to conduct Risk Based Supervision (RBS) in its insured financial institutions. RBS is a comprehensive, formally structured system that assesses risks…
The Nigeria Deposit Insurance Corporation (NDIC) says it is committed to ensuring that Micro-finance Banks (MFBs) in the country are fully digitised. Its Managing Director, Mr Bello Hassan, represented by Mr Bashir Nuhu, the Director, Communication & Public Affairs Department…
By Matthew Denis Abuja In a bid to ensure safety of the Financial institutions in the country, the Nigerian Deposit Insurance Corporation (NDIC) provides deposit insurance for 33 Deposit Money Banks (DMBs), 882 Microfinance Banks, 34 Primary Mortgage Banks (PMBs),…
By Seun Ibiyemi The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the clarification on the sideline of a three-day…
Nigeria Deposit Insurance Corporation (NDIC) has stated that the banking sector is now immunised to withstand shocks that may impact the economy and the financial system. Mr Bello Hassan, Managing Director of NDIC stated this at a retreat for members…
The Nigerian Deposit Insurance Corporation (NDIC) has reassured creditors and depositors of the safety of their funds even when such institutions fail, saying it has paid a total of N119.101 billion as insured sums to 535,815 depositors, creditors and shareholders…
