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...

NDIC Verifies Depositors Of 42 Failed MFBs         The Nigeria Deposit Insurance Corporation (NDIC) has commenced the verification and winding up of 42 Microfinance Banks (MFBs) whose operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. This...

CBN Revokes 42 Microfinance Banks’ Operating Licences         The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. The Nigeria Deposit Insurance Corporation disclosed this on Friday in an announcement on its website titled ‘Notice of closure of 42 microfinance...

NDIC: Farewell To Iconic MD By Salisu Na'inna Dambatta       The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, an alumni of the Nigeria Institute for Policy and Strategic Studies, has retired from the Corporation on December 7th, 2020, after serving for 31...

Buhari Reappoints AMCON’s Boss, Appoints New MD, ED For NDIC         President Muhammadu Buhari, has appointed Mr Bello Hassan as the new managing director of Nigeria Deposit Insurance Corporation. He also appointed Mr Mustapha Ibrahim as executive director of the corporation. The President reappointed Mr Ahmed Kuru as...

NDIC Drives Regulation With Fintech       The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Umaru Ibrahim, has said the NDIC is tapping into the potentials of fintech to effectively execute its business processes easily, speedily and reliably. He said this during the NDIC media forum themed,...