UPDATE: NDIC Completes 84.98% Payment to Depositors of Defunct Heritage Bank The Nigeria Deposit Insurance Corporation (NDIC) said it has paid 84.98 per cent of the depositors whose funds are trapped in liquidity to the Heritage Bank. The CBN announced the revocation of the licence of...

NDIC to Probe Directors of Failed Banks for fraud, Malpractices The Nigeria Deposit Insurance Corporation has disclosed plans to probe directors of some failed banks in the country. The Managing Director, NDIC, Mr Bello Hassan, said this during a capacity building workshop for law enforcement agencies...

NDIC Reiterates Commitment To Financial Stability   Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, said the corporation would continue to monitor the banking sector to address challenges it might be facing. Hassan said this at a retreat for members of the Senate Committee on...

NDIC Covers 98% Of Bank Depositors’ Fund   The Nigeria Deposit Insurance Corporation (NDIC) has said more than 97. 6 per cent of account holders are fully covered by the N500,000 insurance limit. According to the managing director and chief executive of the NDIC, Mr Bello Hassan...

NDIC Boss Tasks ICAN Member-auditors On Integrity, Accuracy         The Managing Director of the Nigeria Deposit Insurance Corporation, NDIC, Bello Hassan, has charged professional auditors who are members of the Institute of Chartered Accountants of Nigeria, ICAN, to uphold the core values of accuracy and integrity. He...

Buhari Reappoints AMCON’s Boss, Appoints New MD, ED For NDIC         President Muhammadu Buhari, has appointed Mr Bello Hassan as the new managing director of Nigeria Deposit Insurance Corporation. He also appointed Mr Mustapha Ibrahim as executive director of the corporation. The President reappointed Mr Ahmed Kuru as...