Our deposit insurance scheme don’t cover bank directors, staff – NDIC
April 27, 2022 The Nigeria Deposit Insurance Corporation (NDIC), says its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of deposits of banks’ directors and…
Failed banks: 5535, 815 depositors, others received N119.1bn from NDIC in 2021- MD
April 1, 2022 The Nigeria Deposit Insurance Corporation (NDIC) says it has paid N119. 1 billion as insured sums to 5535, 815 depositors, creditors and shareholders of closed banks as…
How We Used Bridge Banks to Secure Depositors’ N1.021trn Deposits – NDIC
November 28, 2021 The adoption of the Bridge Banks option by the Nigeria Deposit Insurance Corporation (NDIC) has prevented systemic crisis and secured N1.021 trillion deposits which ensured that depositors…
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…
Revoked licenses: NDIC successfully closes 325 MFBs, 50 PMBs, 49 DMBs
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) says it has successfully closed 325 MFBs, 50 PMBs and 49 DMBs whose licenses were revoked by the CBN with minimal…
Payment of liquidation dividends to depositors of failed banks ongoing – NDIC
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria (CBN)….
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…
Liquidation: NDIC to begin payment of liquidation dividends to uninsured depositors in 14 banks
June 28, 2021Â The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation. The…
NDIC Commences Closure of 42 Microfinance Banks After CBN’s Directive
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 microfinance banks after a directive from the Central Bank of Nigeria (CBN). The NDIC had earlier on Friday…
relief for depositors of closed micro finance banks, PMBs as NDIC begins claims verificationÂ
The Nigeria Deposit Insurance Corporation (NDIC) says it will on Feb. 3, commence claims verification for depositors of the three Micro Finance Banks (MFBs) and Primary Mortgage Banks (PMBs) recently…