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…
By Omolola Dede Adeyanju The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has revealed that the corporation paid N1.39 billion to 36,163 depositors of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs). According to…
The Nigeria Deposit Insurance Corporation (NDIC) has emerged top in the latest Independent Corrupt Practices and Other Related Offences Commission (ICPC) 2023 Ethics and Integrity Compliance Scorecard (EICS). This remarkable achievement marks the second time that NDIC has achieved the…
The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the past 20 years. The Principal Manager, NDIC Kano Zonal Office, Ms Hajara Imam stated…
The Nigeria Deposit Insurance Corporation (NDIC) has said it has refunded more depositors of microfinance banks whose licences were recently revoked by the Central Bank of Nigeria. It said currently, it had refunded N1.2billion to about 34,000 depositors of 179…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary on its better understanding of the deposit insurance practice towards promoting stability of the nation’s financial system. NDIC Managing Director/Chief Executive, Mr. Bello Hassan gave the commendation…
