Tag: NDIC
NDIC declares N24.3bn second liquidation dividend for Heritage Bank depositors
The corporation said the newly declared second liquidation dividend of N24.3 billion was generated from further debt recovery, sale of…
NDIC warns Nigerians against Ponzi schemes
He reassured Nigerians that with NDIC, their money is safe and accessible when needed, adding that, "with the rapid growth…
Hidden truth about your bank deposits – NDIC speaks out
NDIC’s statement comes in response to mounting concerns from depositors of the defunct Heritage Bank, particularly those whose balances exceed…
Senate passes NDIC bill to safeguard bank depositors’ fund
He said the bill consolidates the power of the President to appoint the Chairman and members of the board of…
NDIC: Why we have not paid some depositors of Heritage Bank
The Director of Communication and Public Affairs, Mr Bashir Nuhu, in a statement on Sunday, said that the step underscored…
Heritage Bank customers to be repaid within a week – NDIC assures
He assured that customers won't have to wait the standard 30 days as mandated by law but will be settled…
Heritage Bank: Peter Obi urges FG to ensure immediate payment of depositors
According to Obi, any attempt to deny or delay payment to these depositors would worsen their economic woes and could…
NDIC raises deposit insurance coverage level for banks, others
Hassan said: “By increasing deposit insurance coverage, we are ensuring that depositors are better protected in the unlikely event of…
Why banks fail – EFCC boss
He called for stronger collaboration with the EFCC, maintaining that the Commission has always been of tremendous help to the…
Senate confirms Chidinma Osuji as Executive Director of NDIC
The confirmation of the nominee on Tuesday, followed the consideration of the report of the Committee on Banking, Insurance and…
MSMEs key to revitalisation of Nigeria’s economy – NDIC boss
The Corporation said it has paid N11.76 billion as insured sums to 535, 815 depositors of closed banks since its…
Keyamo, others confirmed as NDIC board members
The Senate on Wednesday confirmed the appointment of Mrs. Ronke Sokefun as Chairman of the Board of the Nigerian Deposit…
NDIC recovers N28.48bn from debtors of DMBs in-liquidation
The Nigeria Deposit Insurance Corporation (NDIC), said it recovered N28.48 billion from debtors of Deposit Money Banks (DMBs) in-liquidation as…
Transactions in digital currencies not authorised by CBN – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) says transactions in digital currencies are not authorised by the Central Bank of Nigeria…
Fraud cases by bank staff rises — NDIC
Nigeria Deposit Insurance Corporation (NDIC) says the number of fraud cases attributed to internal abuse by staff of banks increased…
NDIC, ICPC partner for zero tolerance on corruption
The Nigeria Deposit Insurance Corporation (NDIC) says it has zero tolerance for all forms of malpractices in its corporation and…
Federal Government urged to ensure financial literacy
Alhaji Umaru Ibrahim, Managing Director, Nigeria Deposit Insurance Corporation (NDIC) has urged the Federal Government to pay more attention to…
MFBs Bill: CBN, ICAN, others disagree with Senate
Major stakeholders in banking and finance, on Monday, disagreed with the Senate over its proposed amendment of laws on the…
Rumours of financial distress in Banks not true – NDIC boss
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has urged the public to ignore rumours of…
We’ll soon extend Deposit Insurance scheme— NDIC
The Nigeria Deposit Insurance Corporation (NDIC) said on Monday it would soon extend its Deposit Insurance Scheme (DIS) course to…
NDIC remits N15.4bn to Consolidated Revenue Fund
The Nigeria Deposit Insurance Corporation (NDIC) has remitted N15.4 billion to the Consolidated Revenue Fund. This was contained in a…
Transactions in mobile money transfer scheme hits N815.47b
Mr Dipo Fatokun, the Director of Banking and Payment System in the Central Bank of Nigeria (CBN) says about N815.47…
Mortgage Bank In Trouble Over N750m Deposit
Henry Ojelu A consulting firm, OG Consulting has petitioned the Economic and Financial Crimes Commission, EFCC, over a N750 million…
NDIC drags Doyin Okupe to court over unpaid debt
Akin Kuponiyi The Nigerian Deposit Insurance Corporation, (NDIC), Liquidator of Gulf bank Nigeria Plc in a debt recovery suit before…
NDIC won’t supervise banks – CBN
The Central Bank of Nigeria (CBN) has opposed the taking over of banking supervision by the Nigeria Deposit Insurance Corporation…
Yuguda urges NDIC to protect depositors’ funds
The Minister of State for FCT, Mr Bashir Yuguda, has called on the Nigerian Deposit Insurance Corporation (NDIC) to ensure…
NDIC pays N93.6bn to depositors as liquidation dividend
Alhaji Umaru Ibrahim, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has said that the agency has paid N93.64 billion liquidation…
NDIC says no plan to liquidate insurance companies
The Nigeria Deposit Insurance Corporation (NDIC) said in Abuja on Saturday 12 July that it had no plan to liquidate…
Nigerian Government Takes Over 3 Banks
The Nigeria Deposit Insurance Corporation, NDIC on Friday announced that it has taken over the running of three out of…