Bank Fraud, Forgeries Amounted To N120.79bn In 2020 - NDIC   The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the total amount resulting from bank fraud and forgery cases stood at N120.79 billion in 2020. This, however, represented a decline by 40.98 per cent when compared...

Buhari Commends CBN, NDIC, SEC, Others On Financial System Stability   President Muhammadu Buhari yesterday commended the Central Bank of Nigeria (CBN), alongside the Nigeria Deposit Insurance Corporation (NDIC), the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC), including other critical stakeholders for...

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 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...

NDIC Pays 535,815 Closed Banks’ Depositors N11.76bn   The Nigeria Deposit Insurance Corporation has said that 467 banks have either been liquidated or undergoing the process of complete liquidation by the corporation. The Chairman, NDIC, Mrs Ronke Sokefun, said this on Thursday during the 2021 NDIC retreat...

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...