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NDIC
News and stories about NDIC
The Nigeria Deposit Insurance Commission (NDIC) has begun the process of payment of depositors in 179 microfinance banks and four primary mortgage banks across the country.
The nature of Ponzi schemes is often rooted in the desire to make quick money or easy gain.
The NDIC has warned bank customers to always ensure that their tokens are well secured, amid increased incidents of bank bank fraud.
The banking industry remains pivotal in supporting the real economy through the provision of innovative products and services to all relevant stakeholders
President Buhari has commended critical stakeholders in the banking and financial sector for their diligent work over the years to ensure financial system stability.
Nigeria Deposit Insurance Corporation (NDIC), stated that bank failures are caused by officers entrusted to look after the institutions.
The reaction from NDIC follows recent media reports that Polaris Bank has been secretly sold to a new investor.
The NDIC has stated that the banking sector is now immunized to withstand shocks that may impact the economy and the financial system.
The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of paying depositors in 3 failed micro-finance banks.
The NDIC has insisted that its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of deposits of banks’ directors and staff.
The NDIC has created a SCV platform that will be deployed to microfinance banks to avoid delays in depositor reimbursement in the event of a bank failure.
The Senate has confirmed the nomination of Mrs Emily Chidinma Osuji as Executive Director of the Nigerian Deposit Insurance Corporation (NDIC).