We’re ready to support you, don’t Allow Banks to Fail- Olukoyede to NDIC
March 22, 2024 The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged the Nigeria Deposit Insurance Corporation, NDIC, to keep closer watch on…
NDIC invigorates failed banks’ liquidation activities, debt recovery rate – MD
Nov. 29, 2023 The Nigeria Deposit Insurance Corporation (NDIC) says it has invigorated its banks’ liquidation activities and increased debt recovery rate, leading to 100 per cent liquidation dividend payments…
Elections: Kogi lawmakers suspend 9 colleagues over alleged terrorism, violence
March 23, 2023 The Kogi House of Assembly on Thursday suspended nine lawmakers over alleged acts of terrorism and electoral violence during Saturday’s House of Assembly election in the state….
Banks fail because of insider corruption – Bello Hassan, NDIC MD
Mr. Bello Hassan, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has blamed the failure of banking institutions on insider corruption the officers entrusted to look after them. Hassan said…
Above 97% of depositors would be covered in event of bank failure – NDIC assures
Oct. 26, 2021 … N128.4m in DMBs as at 2019 Mr Bello Hassan, Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), has assured depositors that in the event of…
NDIC begins review of approach to the determination of premium by banks – MD
Oct. 20, 2021 …Insured financial institutions now to pay premium based on assessed risks The Nigeria Deposit Insurance Corporation (NDIC) says the payment of premium by financial institutions insured by…
Alteration in Electoral Act Amendment Bill speculation unfounded- Gbajabiamila
July 6, 2021 Speaker of the House of Representatives, Femi Gbajabiamila says there is no alteration in the Electoral Act Amendment Bill as being speculated in some quarters. Gbajabiamila said…
$500m worth of Bitcoin traded in Nigeria in the last Five years – Moghalu
Former presidential candidate, Kingsley Moghalu, has said that $500 million worth of Bitcoin has been traded in Nigeria within the last five years. Moghalu who was once the Head of…