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...

Senate Passes AMCON Amendment Bill       The Senate has passed the Asset Management Corporation of Nigeria (AMCON) Amendment Bill. This followed the adoption of the report of Senate Committee on Banking, Insurance and Other Financial Institutions at plenary on Wednesday. Presenting the report, Senator Uba Sani, Chairman of...

AMCON Seeks Special Tribunal To Recover N5.4trn Debt       The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to be accommodated in the provisions of the newly amended Banks and Other Financial Institutions Act, 2020 (BOFIA, 2020), which sets up Special Tribunals 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...

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...

NDIC, CBN Battle Safety Issues In Nigeria’s Fintech Environment         The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it will adopt financial technology (fintech) solutions and tools to modernize its data collection and analysis processes amidst emerging safety issues surrounding application of technology in the nation’s...