The Nigeria Deposit Insurance Corporation (NDIC) has disclosed how it is expediting the swift payments of dividends to customers of liquidated financial institutions. NDIC’s Managing Director, Bello Hassan made this known during the NDIC Special Day at the ongoing 45th…
A Bill to amend the Nigeria Deposit Insurance Corporation (NDIC), Act has scaled second reading in the Senate. This followed the presentation of the lead debate on the general principles of the bill by the sponsor, Sen. Adetokunbo Abiru and…
In a proactive move to safeguard the stability of the Nigerian banking sector, the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) have intensified their supervisory efforts. The joint initiative aims to keep the non-performing loan…
The Nigeria Deposit Insurance Corporation (NDIC) has identified enhanced collaboration with the Judiciary as one of the factors responsible for the speedy resolution of dividend payments of closed banks by the Corporation. Speaking in Lagos at the NDIC Editors Forum…
Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs). Mr Bello Hassan, Managing Director/Chief Executive Officer, NDIC,…
The Nigeria Deposit Insurance Corporation (NDIC) says it is prepared to conduct 100 per cent liquidation dividend payments worth N16.18 billion for depositors of 20 failed banks. Already the corporation has asked depositors to come forward for verification and payment…
By Matthew Denis The Chief Executive Officer and Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Hassan Bello has disclosed that Effective management of assets and liabilities is critical in promoting stability of the banking operation. The MD of…
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of banks in-liquidation of speedy and prompt payment of their insured sums in the event of banks’ failure. Mr Daniel Udechukwu, the Deputy Director, Bank Examination Department of the Corporation, gave…
Nigeria Deposit Insurance Corporation (NDIC) has sensitised no fewer than 100 secondary school students in Yola about the significance of savings for a better tomorrow. The corporation’s Zonal Coordinator in Yola, Mr Victor Egba, said during the sensitisation on Thursday…
By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC), on Monday, in response to a misleading news report circulating on various social media platforms under the headline “CBN Liquidates 20 Banks – NDIC”, said no new banks were liquidated. The…
