NDIC Pays N1.45bn to Over 16,000 Depositors of 34 Closed DMBs in 2017– Report
The Nigeria Deposit Insurance Corporation (NDIC), said it paid N1.45 billion to 16, 324 depositors of 34 closed Deposit Money Banks (DMBs) in 2017. According to…
Electronic Fraud in Nigeria’s Banking Sector Projected to Hit N6.1trn by 2021— CBN Director
The Central Bank of Nigeria (CBN) has projected that electronic fraud loses in the country’s banking system would reach N6.1 trillion by 2021. CBN Director of Consumer Protection, Mr…
Defunct Skye Bank: NDIC Monitors Investigations of Management, Directors
MD/Chief Executive, NDIC, Alhaji Umaru Ibrahim The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc…
Skye Bank’s Takeover Saved 6,000 Jobs N949bn Depositors’ Money- NDIC
The Nigerian Deposit Insurance Corporation, NDIC says the takeover of Skye bank by its new owners, Polaris saved the job of 6,000 workers and depositors’ money…
Skye Bank: Group alleges fraud in revocation of licence
The recent revocation of the operating licence of Skye Bank by Central Bank of Nigeria (CBN) and subsequent acquisition by Polaris Bank Limited may have been tainted with scam and…
Fraud cases by bank staff rises, N12bn unaccounted for in 2017 — NDIC
Nigeria Deposit Insurance Corporation (NDIC) says the number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017. Mr Mohammed…