FG Inaugurates NDIC Board, Charges Members on Service Delivery  By Zeenat Sambo The Minister of Finance, Budget and National Planning, Zainab Ahmed, has charged the new Board of Directors of the Nigeria Deposit Insurance Corporation (NDIC) to support policies and programmes of the management that are...

NDIC to Refund Customers, Sell Closed Banks’ Assets The Nigeria Deposit Insurance Corporation has assured depositors of the closed banks of speedy payment of their insured sums, following the revocation of licences of 179 microfinance banks and four Primary Mortgage Banks by the Central Bank...

World Savings Day: NDIC Takes Income Savings Campaign To Kwara Schools   The Nigeria Deposit Insurance Corporation (NDIC) has sensitised six secondary schools in Kwara on importance of financial savings to mark the 2022 World Savings Day. The 2022 programme was themed: “Savings Prepare You for the...

NDIC Verifies Payment Of Liquidation Dividends To 20 Closed Banks   The Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of depositors of the 22 closed banks for payment of their liquidation dividends. This was stated by the Managing Director/Chief Executive of NDIC, Bello Hassan, at the...

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...

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...