CBN Gets 21-Day Ultimatum on Sacked Diamond Bank Staff The House of Representatives Committee on Public Petitions chaired by Rep. Nkem Abonta has given a final 21 days ultimatum to Central Bank of Nigeria (CBN) to declare its position on the case of staff members...

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,...