The MSECB, a leading international provider of Audit and Certification Services has granted the Nigeria Deposit Insurance Corporation (NDIC) three ISO certifications on Information Security Management System ISO/IEC 27001:2013; IT Service Management System ISO/IEC 20000-1:2011; and Business Continuity Management System, ISO 2230. The first certification relates to how organizations manage and protect their information assets […]
The Nigeria Deposit Insurance Corporation (NDIC), has alerted depositors and ex-staff (deposits) of defunct Peak Merchant Bank of its preparations to pay their first liquidation dividend. A press statement signed by the corporation’s Director, Communication and Public Affairs, Bashir Nuhu, indicated all affected depositors of the bank and former employees with deposits in the bank […]
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the sale of assets belonging to 183 liquidated financial institutions to pay depositors following the revocation of their licences by the Central Bank of Nigeria (CBN). The Corporation stated that the assets of the assets on the 179 Microfinance Banks (MfBs) and the four Primary Mortgage Banks […]
The Nigeria Deposit Insurance Corporation (NDIC) is seeking stakeholders’ input into its recently reviewed Differential Premium Assessment System (DPAS) Framework with a view to making the document more resourceful for the nation’s sustainable economic development The corporation’s Director, Communication and Public Affairs Department, Bashir Nuhu, on Sunday stated that the DPAS Framework was reviewed to […]
The Federal Government on Thursday charged the newly appointed board members of the Nigeria Deposit Insurance Corporation (NDIC) to vigorously pursue sundry initiatives aimed at sustaining the stability of the nation’s financial system stability and growth in view of the increasing risks posed by financial technology (Fintech) and block chain technology to the global financial […]
Public and private sector stakeholders in the financial services sector have expressed their support for the passage of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly. The lead institutions in the sector said that the proposed amendment of the Act would enhance the corporation’s capacity in its sustained […]
The Nigeria Deposit Insurance Corporation (NDIC) has won the Federal Government Level Five Platinum Level award for outstanding performance in corporate governance and accountability. The award by the Bureau of Public Service Reforms (BPSR) is based on the Corporation’s outstanding score of Ninety-Three Percent (93%) in the BPSR Self-Assessment Tool (SAT) that was deployed to […]
The Nigeria Deposit Insurance Corporation (NDIC) has said that effective resolution of banks in distress as critical to guaranteeing depositors’ protection in the country. The corporation, on its official Twitter handle on Thursday, tweeted that the effective resolution of lender’s crisis would also ensure the stability of the financial system. According to the tweet, developing […]
The Nigeria Deposit Insurance Corporation (NDIC), on Wednesday reaffirmed that all Deposit Money Banks (DMBs) in Nigeria remained safe and strong to continue to meet the financial needs of its customers and the nation’s development. The corporation’s Mr. Bello Hassan, who made this clarification on the sidelines of a three-day capacity building workshop organised in […]
The Nigeria Deposit Insurance Corporation (NDIC) has alerted members of the public that investments with fund managers in the country were not covered by any insurance policy, warning that investors should avoid dealing with some of them operating illegally in the country. A statement issued by the corporation’s Director, Communications and Public Affairs, Mr. Bashir […]