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Tag Archives: NDIC

Senate Confirms Seven Nominees For NDIC Board

The Senate on Tuesday confirmed the appointment of Dr Abdul Hakeem Mobolaji as chairman of the Governing Board of the Nigerian Deposit Insurance Corporation (NDIC), representing South West and six others Also confirmed by the red chamber are nominees for appointment as members of the NDIC Board.   They include …

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NDIC Declares100% Dividend To Pay Depositors Of 20 Liquidated Banks

Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said the corporation in September, declared 100 per cent liquidation dividend in 20 institutions. The dividends were in respect of the 49 Deposit Money Banks (DMBs) in-liquidation. Hassan made the disclosure at 2022 NDIC workshop, organised for the Finance Correspondents …

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NDIC decries high rate of insider abuse in banks

The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern on the increasing wave of non-performing insider loans in banks. A statement issued by the NDIC said  Ibrahim expressed the concern while receiving a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) led …

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