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 Nigeria Deposit Insurance Corporation (NDIC) said it had embarked on collaboration and cooperation with other deposit insurance agencies globally to address the challenges facing the insurance industry. The NDIC Managing- Director/Chief Executive, Bello Hassan, said this at a retreat…
By Uthman Salami The Nigeria Deposit Insurance Corporation (NDIC), says its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of deposits of banks’ directors and staff. The Corporation stated this on its official Twitter handle…
The Nigeria Deposit Insurance Corporation (NDIC) has developed a Single Customer View (SCV) platform to be deployed to Microfinance Banks (MFBs), to eliminate delays experienced in reimbursing depositors in the event of bank failure. Mr Bashir Nuhu, the Director, Communication…
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…
The Nigeria Deposit Insurance Corporation (NDIC) has advised students to embrace efficient financial savings and budgetary habit for a productive and better living. The NDIC Zonal Controller in Sokoto, Mr Umar Kaoje-Bello, gave the advice on Monday at a lecture…
The Nigerian Senate has confirmed the nomination of Mrs Emily Chidinma Osuji as Executive Director of the Nigerian Deposit Insurance Corporation (NDIC). Mrs Osuji was confirmed on Wednesday during plenary following the adoption of a report of the committee on…
By Matthew Denis Abuja Findings show that fraud attacks on deposit money banks increased year on year. Athough the actual monetary loss dropped in 2019 as against 2018. Technology mediated transactions such as the use of automated teller machine and…
By Blessing Wika, Abuja The Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has said the supervisory role of the NDIC is to strengthen the banking sector of the country. Mr. Hassan also revealed that the…
By Asishana John The Nigeria Deposit Insurance Corporation (NDIC), has assured that successful amendment of its act, will further empower it to recover assets of banks in liquidation as quickly as possible. The corporation is currently collaborating with the National…
