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…
NDIC says in spite of negative ratings Nigerian banks remain stable
The Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said that the country’s banks remain stable in spite of a negative rating on Nigeria by global credit rating agency, Moody’s. Mr…
2006 bank recapitalisation: Court fixes Dec to try ex-bankers’ suit against CBN, NDIC
The National Industrial Court sitting in Lagos has fixed December 17 and 18 to try the suit initiated by over 1,000 former bank workers affected by the recapitalisation exercise in…
FG sets up inter-agency task force on N5trn AMCON debt recovery
The Federal Government has taken another determined step in its bid to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal…
Senate Expresses Commitment to Amend NDIC Act…Resolves to Assist in the Investigation and Prosecution of all Involved in the Collapse of Defunct Skye Bank
Umaru Ibrahim, MD/CEO NDIC The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Rafiu Adebayo, has expressed the committees commitment to accelerate the amendment of…
NDIC Pays N1.45bn to Over 16,000 Depositors of 34 Closed DMBs in 2017– Report
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. According to…
Electronic Fraud in Nigeria’s Banking Sector Projected to Hit N6.1trn by 2021— CBN Director
The Central Bank of Nigeria (CBN) has projected that electronic fraud loses in the country’s banking system would reach N6.1 trillion by 2021. CBN Director of Consumer Protection, Mr…
Defunct Skye Bank: NDIC Monitors Investigations of Management, Directors
MD/Chief Executive, NDIC, Alhaji Umaru Ibrahim The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc…
Skye Bank’s Takeover Saved 6,000 Jobs N949bn Depositors’ Money- NDIC
The Nigerian Deposit Insurance Corporation, NDIC says the takeover of Skye bank by its new owners, Polaris saved the job of 6,000 workers and depositors’ money…
Skye Bank: Group alleges fraud in revocation of licence
The recent revocation of the operating licence of Skye Bank by Central Bank of Nigeria (CBN) and subsequent acquisition by Polaris Bank Limited may have been tainted with scam and…