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 pays over N1.7bn to customers of closed banks
Dec. 16, 2023 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…
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…
NDIC paid N16bn to defunct bank stakeholders’ – Official
Nov. 2, 2023 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…
NDIC to probe directors, officers of revoked 183 MFBs, PMBs
Aug. 17, 2023 The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier this year. The…
Controversy Trails legality of NDIC Chairman Appointed by Buhari
Fresh controversies seem to be surrounding the appointment of a new Board Chairman for the Nigeria Deposit Insurance Corporation (NDIC) in the dying days of the President Muhammadu Buhari administration….
Don’t worry: Your money is safe in all banks – NDIC assures depositors
The Nigeria Deposit Insurance Corporation (NDIC) on Thursday in Enugu sent a message to depositors, urging them not  to worry about the safety of their money against unusual bank failures…
NDIC publishes final dividend declaration call to depositors, creditors of 20 failed banks
September 2, 2022 The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration…
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…
Ponzi scheme: Beware of fraudulent financial institutions – NDIC warns NigeriansÂ
August 10, 2022 The Nigeria Deposit Insurance Corporation (NDIC), has advised Nigerians to beware of ponzi scheme operating under the guise of financial institutions. Mr. Chima Onyechere, the Zonal Controller…