NDIC: Farewell To Iconic MD By Salisu Na'inna Dambatta       The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, an alumni of the Nigeria Institute for Policy and Strategic Studies, has retired from the Corporation on December 7th, 2020, after serving for 31...

NDIC Pays Off 526,414 Depositors Of 17 Liquidated Banks   The Nigeria Deposit Insurance Corporation has paid off 526,414 depositors of liquidated banks, the Managing Director of the corporation, Alhaji Umaru Ibrahim, has said. He said all the depositors of the 17 defunct banks who came forward...

NDIC, Stakeholders Lament Constraints To Islamic Financing   The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, alongside stakeholders in the Islamic financing sub-sector have lamented the limited penetration and progress of non-interest financing in the country. Their concerns stemmed largely from emerging risks...

NDIC Boss Identifies Public Misconception As Key Challenge Of Deposit Insurance   Public misconception of the basic principles of Deposit Insurance System (DIS) remains one of the major challenges confronting the Nigeria Deposit Insurance Corporation (NDIC), the corporation’s MD/CEO, Alhaji Umaru Ibrahim, has said. Speaking yesterday at...

NDIC Seeks IOD’s Support For Corporate Governance In Banks The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, on Sunday called on the Institute of Directors, Nigeria to address the poor corporate governance practices posing a significant risk to the safety and...

NDIC settles Depositors of Failed Banks with N105bn As at the end of September 2017,The sum of N105 billion had been paid to 442, 615 depositors of closed deposit money banks (DMBs). The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim...