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 […]
The Nigeria Deposit Insurance Corporation (NDIC) has unveiled plans to investigate some Deposit Money Banks (DMBs) for inadequate rendition of returns to the Corporation on instances of fraud and forgeries. The Corporation, which gave this hint in a statement issued by its Head, Communications and Public Affairs, Mohammed Ibrahim, indicated that the decision was taken […]
The Nigeria Deposit Insurance Corporation (NDIC) has restated its commitment to maintain zero tolerance for any form of malpractice in all its initiatives targeted at fulfilling its statutory mandate.
The Senate yesterday charged the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) to enlighten Nigerians on potential risks associated with cryptocurrency trading.
The Managing Director of the Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, has charged the leadership of the Institute of Directors, Nigeria to help in tackling poor corporate governance in the nation’s economy, particularly in the banking sector.
Sterling Bank Plc has commended the Nigeria Deposit Insurance Corporation (NDIC) for the quality of its bank examination reports which have contributed to the safety and soundness of the Nigerian banking system.