NDIC increases maximum deposit insurance coverage for failed banks
May 2, 2024 The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of bank…
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…
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)….
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…
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…