By Philip Clement The Nigeria Deposit Insurance Corporation (NDIC) Academy has now been recertified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years effective June, 2020. The recertification exercise was done by the Council of the Chartered Institute of Bankers of Nigeria (CIBN), […]
The Senate on Tuesday confirmed the nominations of Mrs. Diana Okonta (South-South); and Mrs. Ya’ana Talib Yaro (North-East) as Non-Executive Directors of the Nigerian Deposit Insurance Corporation (NDIC). The appointment of both nominees was approved after the Senate considered the report of the Committee on Banking, Insurance and other Financial Institutions. Also confirmed were the […]
The Senate Committee on Banking, Insurance and Other Financial Institution has screened two nominees of Nigeria Deposit Insurance Corporation (NDIC) Non-Executive Directors. President Muhammadu Buhari had earlier forwarded to the Senate, names of Ms. Diana Okonta and Hajiya Ya’ana Yaro as Non-Executive Director nominees to represent the South-South and North-East geo-political zones, respectively, on the […]
President Muhammadu Buhari has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). Mr Yunusa Abdullahi, Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning disclosed this in a statement in Abuja on Sunday. Thomas replaced Malam Mohammed Kari, who […]
The Nigeria Deposit Insurance Corporation (NDIC) has condoled with President Muhammadu Buhari on the demise of his late Chief of Staff Mallam Abba Kyari who died on Friday 17th of April, 2020. In a letter addressed to the President and signed on behalf of the Board of Directors, Executive Management and the entire staff of […]
The Board of the Nigeria Deposit Insurance Corporation (NDIC) has approved the immediate release of the sum of N1 billion Naira to the COVID-19 Relief Fund being put together to fight against the Corona Virus pandemic in Nigeria. In approving NDIC’s contribution to the Fund, the Board of the Corporation acknowledged that it was not […]
The Nigeria Deposit Insurance Commission (NDIC) has pledged to support the Economic and Financial Crimes Commission (EFCC) in curbing the menace of corruption in the country. Ilorin Zonal Controller of NDIC, Olugbenga Alabi, made the pledge on Thursday during his visit to the Ilorin zonal office of the EFCC. READ ALSO: Buratai pledges more opportunities […]
In its capacity as official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf Bank Plc the sum of N1.4 billion. In a debt recovery suit Number: FHC/L/CS/1328/17 – NDIC (Gulf Bank) vs. Jolimair Nigeria Limited & 3 Others, the NDIC […]
Nigeria Deposit Insurance Corporation (NDIC) has dismissed reports of ongoing recruitment exercise by the Corporation. A statement by Mohammed Kudu Ibrahim, on behalf of the Corporation, said the reports are untrue and aimed at defrauding innocent Nigerians. “The attention of the Nigeria Deposit Insurance Corporation has been drawn to a report on the online platforms […]
Yola – The Nigeria Deposit Insurance Corporation (NDIC) has called on banks and other stakeholders to make concerted efforts toward addressing challenges hindering financial inclusion in the country. Dr Sunday Oluyemi, the Director of Communication and Public Affairs Department of NDIC, made the call on Wednesday at a workshop for Business Editors and Finance Correspondents […]
Yola – 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 Abdulhameed Aliu, NDIC Deputy Director for Bank Examination, said this at the ongoing workshop for business editors and finance correspondents by the corporation […]
The Nigeria Deposit Insurance Corporation (NDIC) says it has saved N1.7trn depositors fund from different failed banks across the country. Managing Director of NDIC, Umaru Ibrahim stated this while giving a scorecard of the agency ahead of its 30 years anniversary celebration in Abuja. Ibrahim said asides saving N1.7trn depositors money, the Corporation also saved […]
The Senate is set to screen both Mrs Ronke Sokefun and Mrs Abike Dabiri- Erewa for appointment as chairpersons of the Nigerian Deposit Insurance Commission (NDIC) and the Nigerian Diaspora Commission respectively. Senate President, Dr. Bukola Saraki, yesterday, referred names of the two women nominated for appointment by President Muhammadu Buhari to appropriate committees for […]
The Nigeria Deposit Insurance Corporation (NDIC) said it has recovered total sum of N28.48 billion from debtors of Deposit Money Banks (DMBs) in-liquidation as at December 31, 2017, even as N1.45 billion was paid to 16,324 depositors of 34 closed commercial banks during the same period. This was contained in the Corporation’s 2017 Annual Report, […]
.Says payment to verified depositors to commence soon The Managing Director/ Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, Tuesday said the corporation has started verification of insured depositors of 145 Microfinance Banks (MFBs), and six Primary Mortgage Banks (PMBs) that the Central Bank of Nigeria (CBN) recently revoked their operating licenses. The NDIC […]
The Nigeria Deposit Insurance Corporation (NDIC) has been declared the best performing public sector institution in Nigeria on compliance with Information Technology (IT) Clearance Regulation after a rigorous selection process in Nigeria. The award was conferred on the Corporation by the Nigeria Technology Development Agency (NITDA), which is the promoter of IT regulation and development […]
…Explains why CBN revoked licenses of 154MFBs, 6PMBs Nigeria Deposit Insurance Corporation (NDIC) has reiterated its unflinching commitment to safeguarding bank customers’ deposits, as well as collaborating with the Central Bank of Nigeria (CBN) to ensure effective banking industry supervision. Speaking at the NDIC special day at the ongoing 2018 Lagos international trade fair on […]
The Bauchi State Government has tendered apologies to the State Civil Servants and Pensioners who are still awaiting their September salaries and pensions following the closure of six micro finance banks in the state by the National Deposit Insurance Commission (NDIC). The state Head of Civil service, Alhaji Liman Bello who tendered the apologies while […]
International Association of Deposit Insurers (IADI) has elected the Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim the new Chairperson of the Africa Regional Committee (ARC). The NDIC, on Monday, stated that Ibrahim was elected during the Annual General Meeting (AGM) of the IADI-ARC which was a prelude to […]
The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has advocated quality education as panacea to check the spate of violence and insecurity challenges currently being experienced in the country. The NDIC Boss made the remark in as keynote Speaker at the 15th Graduation Ceremony of Zaria Academy, Shika, Kaduna State where a […]
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