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...

NDIC Pays N118.71bn To Bank Depositors, Says MD       The Nigeria Deposit Insurance Corporation (NDIC) said it has paid N118.71 billion to both the insured and uninsured depositors of failed banks as of June this year. The Managing Director/Chief Executive of the corporation, Bello Hassan, said this...

NDIC Commences Payment Of Uninsured Deposits       The Nigeria Deposit Insurance Corporation has disclosed plans to commence the payment of liquidation dividends to depositors of the 14 failed banks whose licenses were revoked by the Central Bank of Nigeria. The corporation confirmed this on Sunday in a...

NDIC Tackles Rising Fintech-induced Risks In Financial Sector       Nigeria Deposit Insurance Corporation (NDIC) has stated that it is effectively collaborating with relevant stakeholders to manage risks arising from the growing adoption of financial technology (fintech) in the financial sector. At the 2021 retreat organised by the...