NDIC Gets N2bn To Pay Depositors Of Liquidated Bank     The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said it liquidated Fortis Microfinance Bank (FMB) to protect the interest of depositors. It said the bank went into distress because of mismanagement and abysmal corporate governance practices The Central...

BOFIA Amendment:CBN, NDIC Clash Over Authority To Manage Distressed Banks   The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are on collision course over authority to manage distressed banks in the country. This followed the divergent positions of the two regulators at...

NDIC Bags Servicom Award The Nigeria Deposit Insurance Corporation (NDIC) has emerged the best performing Ministerial Servicom Unit (MSU) in the team “C” category for Ministries, Departments and Agencies (MDAs) for the year 2019. The corporation’s Nodal Officer, Mrs. Fidelia Ngozi Chiefe, also scooped two awards...

In 6 Months, We Received 35 Bank Customers’ Petitions, Complaints — NDIC The Nigerian Deposit Insurance Corporation (NDIC) received a total of 35 petitions and complaints from bank customers on ATM frauds, unauthorized funds transfers, cheque related issues and others. Delivering a goodwill message at the...

NDIC Extends Maximum Insurance Coverage To MMO Subscribers   The Nigeria Deposit Insurance Corporation has extended its insurance coverage to subscribers of Mobile Money Operators to the maximum limit of N500,000. The Managing Director/ Chief Executive Officer, NDIC, Umaru Ibrahim, disclosed this during the NDIC’s special day...

We’ve Improved Internal Control To Curb Fraud - NDIC Boss   The Nigeria Deposit Insurance Corporation said it had improved the level of internal control to check fraudulent practices in its operations. NDIC’s Managing Director/Chief Executive, Umaru Ibrahim, said this during the inauguration of four new members...