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NDIC
News and stories about NDIC
The Nigeria Deposit Insurance Corporation(NDIC) has said it will pay depositors of closed microfinance and primary mortgage banks after recovering debts from those owing the failed banks, among others.
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. Effective immediately, the new coverage adjustments were revealed during a press conference held by the NDIC's MD/CEO, Mr. Bello Hassan, on May 2, 2024.
Only 20% of Nigerian bank employees implicated in fraudulent activities were dismissed in 2023, indicating a lenient stance towards internal malpractices.
The Nigeria Deposit Insurance Corporation (NDIC) has urged the Economic and Financial Crimes Commission (EFCC) to expedite the return of assets recovered on NDIC's behalf. Doing this will facilitate the prompt reimbursement of depositors affected by bank failures.
The Nigeria Deposit Insurance Corporation (NDIC) and the Federal Inland Revenue Service (FIRS) are planning to spend a combined sum of N8.7 billion on software alone this year.
The Nigeria Deposit Insurance Corporation (NDIC) has highlighted some of the biggest constraints hindering the prompt and accurate reimbursements of deposit insurance payouts to failed bank depositors.
NDIC has announced its readiness to carry out full liquidation dividend payments totaling N16.18 billion for depositors of 20 failed banks.
NDIC is preparing to increase the maximum deposit insurance coverage to account for the effects of recent economic changes.
NDIC has said that it has created a special desk at the EFCC to ensure that those responsible for bank failures are thoroughly investigated.
The Nigeria Deposit Insurance Corporation (NDIC) has said it is recovering over N400 billion from debtors of liquidated banks, who are unwilling to repay their debts.
The depositors, creditors, and shareholders of 20 liquidated banks are expected to get about N61.63 billion as paid liquidation dividends.
Nigeria’s Nigeria Deposit Insurance Corporation (NDIC) announced it will begin investigating directors of the 183 banks that recently had their licenses revoked.