By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has said it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April. It would be recalled that Heritage Bank operating licence was…
By Seun Ibiyemi and Matthew Denis, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has provided an update on the ongoing liquidation of Heritage Bank, reassuring depositors with balances exceeding the N5 million insurance limit that payments will soon commence. Following…
The Nigeria Deposit Insurance Corporation (NDIC) has appealed for the continued support of external solicitors’ of the Corporation in facilitating debt recovery and assets realisation of failed banks. Mr Hassan Bello, the Managing Director of NDIC, made the appeal at…
By Austine Agbo Emmanuel, Kaduna The Nigeria Deposit Insurance Corporation (NDIC) has successfully auctioned off the assets of the defunct Heritage Bank, including landed properties and chattels, as part of its statutory mandate under Section 62 (1)(d) of the NDIC…
The Benue Investment and Property Company (BIPC) has dragged the Nigeria Deposit Insurance Corporation (NDIC) and All States Trust Bank (in liquidation) before the Federal High Court Makurdi over alleged illegal sale of shares. BIPC is demanding a compensation of…
The President of the Institute of Chartered Accountants of Nigeria (ICAN), Chief Davidson Chizuoke S. Alaribe, has commended the Nigeria Deposit Insurance Corporation (NDIC) for its continuous compliance to the highest standards of integrity and transparency which is critical to…
The Nigeria Deposit Insurance Corporation (NDIC) has called for the inclusion of deposit insurance module in the curriculum of the Institute of Chartered Accountants of Nigeria (ICAN). A statement by Hawwau Gambo, the Acting Head, Communication and Public Affairs of…
Nigeria Deposit Insurance Corporation (NDIC), in collaboration with the Bureau of Public Procurement (BPP), over the weekend held a Specialised Training for executive staff and selected procurement officers. The workshop, held at Bristol Palace, Kano, was themed: “Developing Innovative Strategies…
The Nigeria Deposit Insurance Corporation in collaboration with the Bureau for Public Procurement is holding a three-day retreat in Kano to enhance its procurement and financial management processes. The retreat, themed “Developing Innovative Strategies for Effective Procurement and Financial Management,”…
By Seun Ibiyemi The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has called for the integration of Artificial Intelligence (AI) technologies to strengthen fraud detection systems in Nigerian financial institutions. Speaking…
