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Nigeria Deposit Insurance Corporation

Alleged N3.2 billion fraud: Prosecution closes case against Kalu, others

The Economic and Financial Crime Commission (EFCC) on Friday closed its case against a former Governor of Abia, Orji Kalu and two others charged with N3.2 billion fraud.

2019: A battle between forces of darkness and light – Festus Keyamo

A Senior Advocate of Nigeria and President Muhammadu Buhari’s spokesperson for the 2019 presidential election, Festus Keyamo, has described next year’s poll as “a battle between forces of darkness and light.”

President Buhari seeks confirmation NDIC board members

President Muhammadu Buhari has written the Senate to seek confirmation of senior Nigerian lawyer, Festus Keyamo, and six others as chairman and members of Nigeria Deposit Insurance Corporation.

President Buhari names Festus Keyamo, six others on NDIC board

President Muhammadu Buhari has appointed Lagos lawyer, Mr. Festus Keyamo (SAN), and six others as members of the board of the Nigeria Deposit Insurance Corporation (NDIC).

Festus Keyamo: Why I accepted President Buhari’s campaign appointment

Festus Keyamo, Lagos-based lawyer, says he accepted the appointment to be spokesman of the re-election bid of President Muhammadu Buhari because the president is “an approximation” of the values he cherishes and has fought for in his life”.

Governor Akeredolu appeals for adequate funding for universities

Gov. Oluwarotimi Akeredolu of Ondo State on Friday appealed to stakekeholders and well-meaning Nigerians to help bridge the funding gap of government-owned universities, for sustainable economic development.

NDIC cautions Nigerians against transactions in digital currencies

The Nigeria Deposit Insurance Corporation ( NDIC ) says transactions in digital currencies are not authorised by the Central Bank of Nigeria (CBN), cautioning Nigerias against transacting business in bitcoin and other crypto currencies.

NDIC warns Nigerians to beware of ‘wonder banks’

The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to be wary of “wonder banks” that give extra-ordinary interest rates and profits on investments.

Nigeria’s external reserves hit 5-year high of $46bn

It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.

NDIC to probe banks for alleged fraud

The Nigeria Deposit Insurance Corporation (NDIC) says it is set to probe some commercial banks in the country for alleged fraud.

NDIC warns against trading in bitcoins, cryptocurrencies

The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to beware of trading in bitcoins and crypto-currencies, warning that they are neither issued by the Central Bank of Nigeria (CBN) nor insured by NDIC.

NDIC cautions customers against patronizing unlicensed banks

The Nigeria Deposit Insurance Corporation (NDIC) has taken its awareness campaign against the risk of patronising unlicensed banks to the 39th Kaduna International Trade Fair.

SEC targets increased financial inclusion by 2020

The Securities and Exchange Commission (SEC) says it aims to achieve increased financial inclusion of Nigerians by the year 2020.

Central bank wants shell banks abolished in Nigeria

The Central Bank of Nigeria (CBN) has called for the abolition of shell banks in the country, saying they serve as institutions for money laundering.

Senate asks CBN, NDIC, NSE to embark on campaign against investment in Bitcoin

The Senate on Tuesday asked the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and the Nigerian Stock Exchange to begin campaign against investment in Bitcoin by Nigerians.

APC South Africa commends President Buhari over boards appointment

The All Progressives Congress (APC), South Africa chapter, on Sunday, commended President Muhammadu Buhari on the constitution of the Governing Boards of Agencies and Parastatals.

Presidency defends board appointment list

The Presidency says there is nothing “scandalous or extraordinary’’ in the inclusion of the names of some dead persons in the list of appointments into boards of some agencies released on Friday.

Dead persons: SERAP asks President Buhari to withdraw board appointments

According to the organization, “Taking partisan politics out of the appointments to boards of agencies and parastatals is one surest way for Buhari to show that his government is truly one of change, that would do things differently from successive governments that apparently handed out board appointments to reward party members, supporters and cronies.”

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Oghenekaro Etebo: I turned down Premier League clubs to join Stoke City

Nigeria midfielder, Oghenekaro Etebo, has revealed that he turned down Premier League interest this summer before opting to join English Championships club, Stoke City.

Kogi group drums support for Yahaya Audu’s senatorial bid

A group, under the aegis of Kogi Youths Advocates of Good Governance (KYGG), has urged the All Progressives Congress (APC) and people of the state to ensure the emergence of Yahaya Audu, the younger brother of late Prince Abubakar Audu as the Senator to represent Kogi East in the forthcoming election.
Jerry Okorodudu

Jerry Okorodudu: I am dying of hunger

Jerry Okorodudu, an Olympian, on Tuesday in Lagos said he was dying of hunger over the non-payment of his 10 months’ salary by the Federal Ministry of Youth and Sports.

Benue youth group restates support for Governor Ortom

A youth group known as the Benue Youth Alliance For Ortom 2019 (BYAFO 2019), has vowed to continue to stand with Governor Samuel Ortom in his efforts to give a new direction in the Nigeria’s Food Basket State in spite of the persecutions he is facing.
Chris Giwa with his NFF executive members at the Glass House today

Chris Giwa: FIFA has not written to NFF over ban threat

Chief Chris Giwa, President, Nigeria Football Federation (NFF), has said that FIFA, the world soccer governing body, has not communicated its ban threat to the NFF.