... Seeking the Truth in Facts
The Nigeria Deposit Insurance Corporation (NDIC) said it has set aside the sum of N258.767 billion in the 2019 fiscal year for the reimbursement of depositors in the unlikely event of closure of licensed banks. Giving a breakdown of the funds, managing director and chief Read More …
By Dennis Agbo ENUGU-THE Nigeria Deposit Insurance Corporation, NDIC, has disclosed that the increased sophistication of cybercrime and the proliferation of Ponzi schemes were major challenges it is facing at the moment. NDIC The corporation however said it is determined to arrest the economic crimes, Read More …
The Nigerian Deposit Insurance Corporation (NDIC) generated about N91 billion premium from deposit money banks (DMBs) in the 2018 fiscal year. Managing Director of NDIC, Mr. Umaru Ibrahim, stated this yesterday when the management of the organisation appeared before the House Committee on Insurance for Read More …
Contending that present structure of microfinance institutions have failed, Vice President Yemi Osinbajo has called on Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation to take over funding and management of N’Power, Trader Moni, Market Moni and other such programmes. Receiving board and Read More …
The Managing Director of Nigeria Deposit Insurance Corporation ( NDIC ), Umaru Ibrahim has said that, the corporation has so far recovered N29 billion from debtors of liquidated deposit money bank, microfinance banks and primary mortgage banks. He said that NDIC insured limits of N500, Read More …