The Nigeria Deposit Insurance Corporation (NDIC) is assisting the Uganda Deposit Protection Fund (DPFU) to develop capacity to implement the Deposit Insurance System (DIS) in the East African country. The Corporation recently hosted a five-member delegation from DPFU who arrived the country to understudy the activities of the Corporation. A statement issued Tuesday in Abuja […]
Banks record 26,182 fraud cases in 2017 – NDIC • Says ₦12.01 billion lost in 2017 to frauds • Vows to investigate banks The Nigeria Deposit Insurance Corporation (NDIC) has revealed that a total of 26,182 fraud and forgeries cases were recorded in 2017 in Deposit Money Banks (DMBs). The NDIC said that a report […]
.Vows to enforce zero-tolerance against corruption The Nigeria Deposit Insurance Corporation (NDIC) on Thursday said it has zero -tolerance for all forms of malpractices within the Corporation and in all the initiatives it has taken to fully implement its mandate. The Managing Director/Chief Executive of the Corporation, Umaru Ibrahim, made the remark during the inauguration […]
Sterling Bank Plc has commended the Nigeria Deposit Insurance Corporation (NDIC) for the quality of their bank examination reports which have contributed to the safety and soundness of the Nigerian banking system. The Management of the bank expressed the opinion during a courtesy call and formal introduction of its new MD/CEO Mr Abubakar Suleiman to […]
The Kano State Governor, Dr. Abdullahi Ganduje, has said that total sum of N9billion is being spent on a monthly basis for payment of workers’ salaries. Although, he pointed out that his administration is committed and concern about it workers, even when most state governments have not been able to pay salaries as a result […]
The financial sector insurance regulator, the Nigerian Deposit Insurance Corporation, NDIC, has again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria, CBN. The Director Research, Policy and International Relations, NDIC, Mohammed Umar, said on Thursday in Kano that the mandate of the corporation does not […]
The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Alh. Umaru Ibrahim on Thursday, said that financial institutions’ directors are not exploring huge potential in the North Eastern part of the country, despite thev federal government of Nigeria intensive efforts to curb Boko Haram insurgency in the region. Speaking at the Workshop organized by […]
The managing Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has said that except North East leaders are sensitized it would be difficult to develop the region. Ibrahim, who said this at the annual workshop for Business Editors and Finance Correspondents Association of Nigeria (FICAN) also said that the role of the leaders is […]
Temitope Omoniyi The Nigeria Deposit Insurance Corporation (NDIC) has been conferred with the Special Recognition and Commendation Award for Excellence in Banking (Public Service) at the Business Day Banking Awards 2017 which was held on October 14, 2017. In a letter of commendation to the corporation, the awards committee anchored by Business Day Research and […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr. Umaru Ibrahim has said that the banking industry was witnessing rapid changes hence the need to upscale the skills of the staff in the lower and middle managerial cadre. This is even as forty six (46) members of staff of the corporation graduated from the […]
The Nigeria Deposit Insurance Corporation (NDIC) recently organized a workshop for Business Editors and Finance Correspondents Association of Nigeria (FICAN) in Kaduna, with the theme, “Economic Recession and the Nigerian Banking Sector: Opportunities, Challenges, and the Way Forward.” The workshop was to tackling the current economic recession being experienced in the country. The Principal Consultant […]
10The Managing-Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has admonished the management of Aso Savings and Loans Plc to always ensure good corporate governance. The advice of the NDIC boss is contained in a statement signed by the Head, Communications and Public Affairs of the Corporation, Mr Hadi Birchi, on Thursday in […]