467 Financial Institutions Liquidated Till Date - NDIC   The Nigeria Deposit Insurance Corporation (NDIC) yesterday disclosed that it has successfully liquidated 467 financial institutions till date, that is, of both depositors and creditors. The insured financial institutions, according to the Corporation, comprise of 49 Deposit...

NDIC Gives Vote of Confidence to Banks   The Nigeria Deposit Insurance Corporation (NDIC) says the banking sector is now immunized to shocks that may invade the economy and the financial system. Despite Nigeria's economic woes, including impending food shortages and rising inflation, NDIC noted that banks...

NDIC Pays N11bn To Over 500,000 Depositors Of Liquidated Banks       The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has explained that the Corporation has paid a cumulative of N101.76 billion to over 535, 815 insured depositors of liquidated banks. Hassan, who was represented...

National Assembly To Begin NDIC Act Amendment   The Chairman, House of Representatives Committee on Insurance and Actuarial Matters, Darlington Nwokocha, has stated that the committee’s is ready with the amendment to the Nigeria Deposit Insurance Corporation (NDIC) Bill in order to maintain a sustainable banking...

NDIC Pays N102bn To Depositors Of Closed Banks   The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has disclosed that the corporation has paid a total of N101.67bn uninsured sums as of 30th June 2021 to 535, 815 depositors of closed...

NDIC Pays N118.71bn To Bank Depositors, Says MD       The Nigeria Deposit Insurance Corporation (NDIC) said it has paid N118.71 billion to both the insured and uninsured depositors of failed banks as of June this year. The Managing Director/Chief Executive of the corporation, Bello Hassan, said this...