NDIC Warns Of Impending Bank Failure The Nigeria Deposit Insurance Corporation has said another bank failure is imminent in the country on the back of weak corporate governance culture and weak internal control. The Managing Director, NDIC, Alhaji Umaru Ibrahim, stated this on Thursday at the...

NDIC Gets US Commendation on Capacity Building The Office of Technical Assistance (OTA) of the United States Department of Treasury has commended the Nigeria Deposit Insurance Corporation (NDIC) on the establishment of a world class academy that serves as a reference point for capacity building...

NDIC To Probe Banks For Alleged Fraud Cases The Nigeria Deposit Insurance Corporation on Sunday said it would investigate some banks over the high incidence of fraud and forgeries caused by the non-rendition of returns to the corporation. The corporation will also be beaming its...

On N17bn NERFUND Loans, Reps Summons Emefiele, NDIC, BoI CEOs An ad hoc committee of the House of Representatives on Tuesday summoned the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, over the N17bn non-performing loans recorded by the National Economic Reconstruction Fund. Also...

NDIC, ICPC Collaborate to Tackle Corruption The Nigeria Deposit Insurance Corporation (NDIC) has zero tolerance for all forms of malpractices within the Corporation and in all the initiatives it has taken to fully implement its mandate. The Managing Director/Chief Executive of the Corporation, Umaru Ibrahim,...

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...