Nigeria Deposit Insurance Corporation
NDIC explains factors that led to liquidation of Fortis MfB
The Nigeria Deposit Insurance Corporation, NDIC, said that decision to liquidate the defunct Fortis Microfinance Bank was taken after efforts to resuscitate the bank proved abortive.
Court orders NDIC to pay ex-bank manager’s N27.9 million disengagement benefits
The National Industrial Court, Abuja, on Thursday ordered the Nigeria Deposit Insurance Corporation (NDIC), to pay a former Deputy General Manager of the defunct Hallmark bank, Eze Okorocha, N27.9 million, being his benefits within 30 days.
NDIC board pledges to stabilize Nigeria’s financial system
Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have pledged their total commitment to the formulation of sound policies that will enhance the safety and stability of the nation’s financial system.
Elections: Six commissioners resign from Governor Amosun’s cabinet
Six members of the Ogun State Executive Council have resigned their appointments to pursue various elective positions in the forthcoming general elections.
Ike Ekweremadu, Ahmed Lawan disagree over Senate membership composition
The Deputy President of the Senate, Sen. Ike Ekweremadu, on Thursday disagreed with the Majority Leader, Sen. Ahmed Lawan, over the composition of the membership of the upper legislative chamber.
Senate confirms Festus Keyamo as NDIC board member
The senate has confirmed Festus Keyamo, spokesman of the President Muhammadu Buhari 2019 campaign, as a board member of the Nigeria Deposit Insurance Corporation (NDIC).
EFCC detains ex-Skye Bank chief Tunde Ayeni for alleged fraud
The Economic and Financial Crimes Commission has detained a former Chairman of Skye Bank Plc (Now Polaris Bank), Mr. Tunde Ayeni, for fraud.
NDIC becomes full member of Islamic financial board
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.
NDIC: Why central bank revoked licenses of 154 MFBs, 6 PMBs
The Nigeria Deposit Insurance Corporation (NDIC), on Wednesday, offered insights why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks.
NDIC gives reasons for closure of 154 microfinance banks
Nigeria Deposit Insurance Corporation (NDIC), Wednesday, offered insights into why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs).
NDIC reiterates commitment to protect depositors, promote stable banking system
The Nigeria Deposit Insurance Corporation has reiterated its commitment to ensure the protection of depositors in the country.
Report: NDIC pays N1.45bn to 34 closed DMBs in 2017
The Nigeria Deposit Insurance Corporation (NDIC), said it paid N1.45 billion to 16, 324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017.
Central bank: Electronic fraud will hit N6.1 trillion by 2021
Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021.
NDIC begins verification of failed MFBs’ depositors
Following the Central Bank of Nigeria’s (CBN) revocation of the licences of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs), the Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of the depositors of the affected institutions and would soon begin payment of verified claims.
NDIC saved N949 billion depositors’ funds in failed Skye Bank
The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.
Central bank urges media collaboration in educating depositors
The Central Bank of Nigeria (CBN) has urged media practitioners to collaborate with financial regulators in the country to educate depositors on financial literacy and inclusion. The Head, Financial Inclusion Secretariat, CBN, Mrs Temitope Akin-Fadeyi...
Official: NDIC saved N949bn depositors’ funds in failed Skye Bank
The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank.
NDIC investigates management, directors of defunct Skye Bank
The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc being carried out by law enforcement agencies.
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