NDIC Now Operating With Stronger Legal Powers — MD
By Oluwakemi Kindness The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Oludare Sunday, says the Corporation is now operating under a much stronger legal framework. The framework empowers it to effectively liquidate failed banks and hold those responsible for their collapse fully accountable. Sunday gave the assurance when he received the […]
Avoid Ponzi Schemes, Save Safely -NDIC Warns Nigerians
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has issued a fresh warning to Nigerians against falling victim to Ponzi schemes and fraudulent investment platforms. It stresses that only funds kept in licensed and insured financial institutions are protected. The caution was delivered during the NDIC Special Day at the 20th Abuja International Trade […]
NDIC’s New Management Vows to Protect Depositors, Strengthen System Stability
By Oluwakemi Kindness The newly inaugurated leadership of the Nigeria Deposit Insurance Corporation (NDIC) has pledged to carry out its responsibilities effectively in line with the agency’s mandate to protect depositors and contribute to financial system stability. The newly appointed Managing Director and Chief Executive Officer of the NDIC, Thompson Sunday, gave the assurance in […]
Liquidation Dividend: NDIC pays ₦46.6bn To Depositors Defunct Heritage Bank
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has declared the first tranche of liquidation dividends of ₦46.6bn from the proceeds of sales of the defunct Heritage bank’s assets and recovery of debts owed to the defunct institution. Liquidation dividend represents amount paid by the Corporation to depositors of a closed bank, in excess […]
NDIC Urges Legal Practitioners to Aid Debt Recovery
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC), has urged legal practitioners to support its efforts in recovering debts and realizing assets from failed banks to strengthen the country’s financial system. Speaking at the 2024 Sensitisation Seminar for External Solicitors in Abuja, NDIC’s Managing Director, Hassan Bello, emphasized that debt recovery is crucial to […]
Introduce Deposit Insurance module into curriculum, NDIC Tells ICAN
Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has called for the introduction of Deposit Insurance module into the curriculum of the Institute of Chartered Accountants of Nigeria (ICAN), examinations. This is according to the Managing Director and Chief Executive Officer of NDIC, Bello Hassan, who says this initiative is essential to enhance understanding of […]