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...

NDIC Cautions Against Adoption Of Cryptocurrencies   The Managing Director, Nigeria Deposit Insurance Corporation, Umaru Ibrahim, on Thursday called on Nigerians to exercise caution in the adoption of cryptocurrencies as their preferred mode of financial transactions. He warned that while various forms of digital currencies currently in...

NDIC Seeks Speedy Amendment Of Enabling Act   The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended) currently...

NDIC Recovers N29bn From Liquidated Banks - MD   The Nigeria Deposit Insurance Corporation says it has so far recovered N29bn from debtors of liquidated deposit money banks, microfinance banks and primary mortgage banks in the country. The Managing Director, Umaru Ibrahim, disclosed this at the 40th...

Handlers of Failed Skye Bank for Prosecution-FG The Federal Government has promised to persecute all those found to be responsible for the failure of the erstwhile Skye Bank. The Minister of Finance, Zainab Ahmed made this known on Friday while on familiarity visit to the Nigerian...

NDIC Advocates Stronger Ethical Standard in Banking Industry The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and...