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...

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...