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…
By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) remains committed to ensuring that those who contribute to the failure of banks are properly investigated and prosecuted. This is contained in a statement signed by the Director, Communication & Public…
The Minister of State for Youth Development, Mr. Ayodele Olawande and the Nigeria Deposit Insurance Corporation (NDIC) are exploring partnership to boost financial inclusion in the country. The NDIC Managing Director/Chief Executive Mr. Bello Hassan made this known when he…
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,…
