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...

NDIC Seeks Ministry’s Support On Failed Banks’ Assets       The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of the Federal Capital Territory (FCT) in the realisation of landed properties of banks in-liquidation within the FCT to enable it pay depositors of...

NDIC Board Commended for Consistent Remittance to Consolidated Revenue Fund The Nigeria Deposit Insurance Corporation (NDIC), has been commended for her consistent remittance to the Consolidated Revenue Fund, (CRF) which will no doubt, boost the revenue profile of the nation. The Minister of Finance, Budget and...

NDIC Boss Tasks ICAN Member-auditors On Integrity, Accuracy         The Managing Director of the Nigeria Deposit Insurance Corporation, NDIC, Bello Hassan, has charged professional auditors who are members of the Institute of Chartered Accountants of Nigeria, ICAN, to uphold the core values of accuracy and integrity. He...

Banks Lost Over N5bn To Fraudsters In Nine Months — NDIC       The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system. Speaking at the annual capacity building programme for...