The House of Representatives has resolved to review the law establishing the Nigerian Deposit Insurance Corporation, NDIC, and increase the compensation payable to depositors of failed banks. This resolution was reached on Tuesday following the adoption of a motion moved…
By Matthew Denis The Managing Director and Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC), Mr. Hassan Bello, has disclosed that the Corporation will commence the payment of Heritage Bank 2.3 million depositors this week. He made disclosure during…
By Esther Agbo The Nigerian Deposit Insurance Commission (NDIC) has begun the liquidation process of failed Heritage Bank, with verification and payment of deposits to the bank’s customers. This is happening after its appointment as liquidator of the Bank, by…
…Advises depositors on next step By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5million insured deposits. Director of Communication & Public Affairs, Bashir…
My Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5million insured deposits. Director of Communication & Public Affairs, Bashir Nuhu, disclosed this in a…
The Senate Committee on Banking, Insurance and Other Financial Institutions will on Thursday hold a Public hearing on the proposed Bills seeking to amend the Central Bank of Nigeria Act and the Nigeria Deposit Insurance Corporation Act. This was contained…
The Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan, has urged bankers in the country to pay attention to cybersecurity. He stated this on Friday at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has inaugurated its Anti-corruption & Transparency Unit. “NDIC has a culture of zero tolerance for corruption, which is further strengthened by its core values of Teamwork, Respect and Fairness, Integrity, Professionalism,…
By Salisu Na’inna Dambatta The ongoing CBN-inspired recapitalisation for banks has serious implications for the banking sector, the equity capital market, the Nigeria Deposit Insurance Corporation of Nigeria (NDIC) and Northerners. The recapitalisation will make the banking sector stronger and…
The Nigeria Deposit Insurance Corporation (NDIC) has lauded the Central Bank of Nigeria (CBN) for its move to recapitalise banks to achieve economic resilience in the country. The Managing Director of NDIC, Mr Bello Hassan, made the commendation on Friday…
