NDIC to probe directors, officers of revoked 183 MFBs, PMBs
Aug. 17, 2023 The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licences were revoked earlier this year. The…
Controversy Trails legality of NDIC Chairman Appointed by Buhari
Fresh controversies seem to be surrounding the appointment of a new Board Chairman for the Nigeria Deposit Insurance Corporation (NDIC) in the dying days of the President Muhammadu Buhari administration….
Don’t worry: Your money is safe in all banks – NDIC assures depositors
The Nigeria Deposit Insurance Corporation (NDIC) on Thursday in Enugu sent a message to depositors, urging them not to worry about the safety of their money against unusual bank failures…
NDIC publishes final dividend declaration call to depositors, creditors of 20 failed banks
September 2, 2022 The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration…
Banks fail because of insider corruption – Bello Hassan, NDIC MD
Mr. Bello Hassan, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has blamed the failure of banking institutions on insider corruption the officers entrusted to look after them. Hassan said…
Ponzi scheme: Beware of fraudulent financial institutions – NDIC warns Nigerians
August 10, 2022 The Nigeria Deposit Insurance Corporation (NDIC), has advised Nigerians to beware of ponzi scheme operating under the guise of financial institutions. Mr. Chima Onyechere, the Zonal Controller…
Our deposit insurance scheme don’t cover bank directors, staff – NDIC
April 27, 2022 The Nigeria Deposit Insurance Corporation (NDIC), says its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of deposits of banks’ directors and…
Failed banks: 5535, 815 depositors, others received N119.1bn from NDIC in 2021- MD
April 1, 2022 The Nigeria Deposit Insurance Corporation (NDIC) says it has paid N119. 1 billion as insured sums to 5535, 815 depositors, creditors and shareholders of closed banks as…
How We Used Bridge Banks to Secure Depositors’ N1.021trn Deposits – NDIC
November 28, 2021 The adoption of the Bridge Banks option by the Nigeria Deposit Insurance Corporation (NDIC) has prevented systemic crisis and secured N1.021 trillion deposits which ensured that depositors…
Above 97% of depositors would be covered in event of bank failure – NDIC assures
Oct. 26, 2021 … N128.4m in DMBs as at 2019 Mr Bello Hassan, Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), has assured depositors that in the event of…