The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr Umaru Ibrahim, has restated the corporation’s zero tolerance for corruption and all forms of malpractices in the implementation of its mandate and activities. Giving the assurance during the inauguration of four new members to the corporation’s Anti-Corruption and Transparency Unit (ACTU) by the Chairman of […]
The Nigeria Deposit Insurance Corporation (NDIC) on Friday said it had paid a cumulative sum of over N11.93 billion as insured amount to depositors of closed licensed banks between 1994 to date. The payments comprised N8.25 billion paid as insured amount to 442,999 depositors of closed DMBs; N2.97 billion paid to 83,415 depositors of closed […]
Vice President Yemi Osinbajo has expressed confidence in the ability of the new board and management of the Nigerian Deposit Insurance Corporation (NDIC) led by Mrs Ronke Sokefun, to provide the needed leadership required to consolidate on the corporation’s achievements in recent years. Osinbajo, who described the new chairman as a seasoned technocrat, gave the […]
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr. Umaru Ibrahim, on Thursday disclosed that the corporation had commenced the verification of failed banks insured depositors’ claims with a view to paying their verified claims. Ibrahim, who disclosed this while speaking at the NDIC’s Special Day at the 2018 Kano International Trade Fair, in […]
The Senate Committee on Banking, Insurance and Other Financial Institutions has expressed a strong commitment to the accelerated amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act, 2006, to eliminate the gaps that had hindered the full realization of the public policy objectives of the implementation of the Deposit Insurance System (DIS) in Nigeria. The […]
The Minister of Finance, Hajiya Zainab Ahmed, receiving copies of publications by the Nigeria Deposit Insurance Corporation (NDIC) from the corporation’s Managing Director, Umaru Ibrahim, during her familiarisation visit to the agency in Abuja
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, on Tuesday disclosed that the corporation had paid a total of N11.50 billion to depositors, creditors, shareholders and other stakeholders of closed financial institutions as at end of last year. This is even as he hinted that N368.43 million was recovered by the […]
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, on Tuesday stressed the need for effective collaboration between regulators and operators in the banking system for enforcement of sound ethical standards and professionalism in the banking industry. A statement issued by the corporation’s Head, Communications and Public Affairs, Mohammed […]
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has identified the provision of quality education to millions of Nigerian youths as a strategic option of curbing violence and insecurity challenges in the country. Ibrahim gave the panacea in an address he delivered as the keynote speaker at the 15th Graduation Ceremony […]
The Nigerian Deposit Insurance Corporation (NDIC) on Thursday hinted that three commercial banks accounted for 60 percent of the N700 billion industry’s insider-related bad loans in their balance sheets. The Corporation’s Managing Director, Umaru Ibrahim, who made the disclosure while speaking at the Financial Institutions Training Centre Thought Leadership Discussion Series in Lagos, said that […]