NDIC Engages External Solicitors to Boost Debt Recovery Efforts   The Nigeria Deposit Insurance Corporation (NDIC) has tasked its external solicitors to intensify their efforts in supporting the corporation's debt recovery and asset realization initiatives. This was disclosed by the Managing Director/Chief Executive, NDIC, Bello Hassan, on Thursday...

NDIC Partners Judiciary on Depositors Funds’ Recovery   The Nigerian Deposit Insurance Corporation (NDIC) has announced the strengthening of its partnership with the judiciary to expedite the prosecution of failed financial institutions. NDIC’s Managing Director, Bello Hassan, disclosed this on Monday at the 19th Abuja International Trade...

NDIC Increases Maximum Deposit Insurance Coverage From N500k to N5m   The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels for Deposit Money Banks from N500,000 to N5 million. The Managing Director of NDIC, Bello Hassan, announced this in Abuja at a...

Arewa Economic Forum Commends Tinubu for Retaining NDIC, NITDA Bosses   The Arewa Economic Forum (AEF) has commended President Bola Ahmed Tinubu, for his decision to retain some of the best heads of agencies in the Finance and ICT sectors who are from the North. Addressing a...

Depositors Of Failed Banks Received N11.83bn in Q2, Says NDIC The Nigeria Deposit Insurance Corporation (NDIC) has reported that it paid N11.83 billion to 443,949 insured depositors of failed banks as of June 2022 The Managing Director of NDIC, Bello Hassan, disclosed this at a workshop...

NDIC Verifies Payment Of Liquidation Dividends To 20 Closed Banks   The Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of depositors of the 22 closed banks for payment of their liquidation dividends. This was stated by the Managing Director/Chief Executive of NDIC, Bello Hassan, at the...