The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, says the corporation has paid a total of N101.67bn uninsured sums as of 30th June 2021 to 535, 815 depositors of closed...
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid N118.71 billion to both the insured and uninsured depositors of failed banks as of June this year. The Managing Director/Chief Executive of the corporation, Bello Hassan,...
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has expressed the readiness of the Corporation to partner with the Bureau of Public Service Reforms (BPSR) towards enhancing innovation in...
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of 14 additional banks in liquidation. In a statement, the Director Communication and Public Affairs...
Nigeria Deposit Insurance Corporation (NDIC) has said it is considering to substantially increase its deposit insurance fund beyond N2 trillion, in order to cope with any widespread systemic failure that might occur in the future. The...
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said banks in the country lost over N5 billion to fraudsters between January and September 2020. The NDIC’s executive director, corporate services, Mrs. Omotola Abiola-Edewor, stated this at the...
The Securities and Exchange Commission (SEC) yesterday said over three million Nigerians have lost about N18 billion to Ponzi schemes and other illegal investment schemes. It described the continued activities of Ponzi schemes as a threat...
The Senate on Wednesday confirmed the nominations of Mr. Ahmed Lawan Kuru; and Bello Hassan as Managing Directors of the Asset Management Corporation of Nigerian (AMCON); and Nigeria Deposit Insurance Corporation (NDIC), respectively. The confirmation of...
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. A release...
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation made the announcement on its website. It said, “This is to inform the depositors,...