Revoked licenses: NDIC successfully closes 325 MFBs, 50 PMBs, 49 DMBs
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) says it has successfully closed 325 MFBs, 50 PMBs and 49 DMBs whose licenses were revoked by the CBN with minimal…
Payment of liquidation dividends to depositors of failed banks ongoing – NDIC
Oct. 22, 2021 The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria (CBN)….
NDIC begins review of approach to the determination of premium by banks – MD
Oct. 20, 2021 …Insured financial institutions now to pay premium based on assessed risks The Nigeria Deposit Insurance Corporation (NDIC) says the payment of premium by financial institutions insured by…
Liquidation: NDIC to begin payment of liquidation dividends to uninsured depositors in 14 banks
June 28, 2021 The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation. The…
NDIC Commences Closure of 42 Microfinance Banks After CBN’s Directive
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 microfinance banks after a directive from the Central Bank of Nigeria (CBN). The NDIC had earlier on Friday…
relief for depositors of closed micro finance banks, PMBs as NDIC begins claims verification
The Nigeria Deposit Insurance Corporation (NDIC) says it will on Feb. 3, commence claims verification for depositors of the three Micro Finance Banks (MFBs) and Primary Mortgage Banks (PMBs) recently…
NDIC says in spite of negative ratings Nigerian banks remain stable
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…
2006 bank recapitalisation: Court fixes Dec to try ex-bankers’ suit against CBN, NDIC
The National Industrial Court sitting in Lagos has fixed December 17 and 18 to try the suit initiated by over 1,000 former bank workers affected by the recapitalisation exercise in…
FG sets up inter-agency task force on N5trn AMCON debt recovery
The Federal Government has taken another determined step in its bid to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal…
Senate Expresses Commitment to Amend NDIC Act…Resolves to Assist in the Investigation and Prosecution of all Involved in the Collapse of Defunct Skye Bank
Umaru Ibrahim, MD/CEO NDIC The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Rafiu Adebayo, has expressed the committees commitment to accelerate the amendment of…