The Nigerian banking industry lost N15.15 billion to cyber-crime and forgeries in 2018. This amount was 539% higher than the N2.37 billion recorded in 2017. This...
NDIC has revealed that the licenses of 153 Micro-Finance Banks (MFBs) were revoked in 2018 with cumulative ₦116.2 billion paid to depositors, creditors and shareholders.
The Nigeria Deposit Insurance Corporation (NDIC) has revealed it safeguarded N949.6 billion depositors' funds during the resolution of the failed Sky Bank Plc. The development was...
Ten Deposit Money Banks accounted for about 87.63 percent of fraud and forgeries that occurred in the banking sector in the 2017.
The Nigeria Deposit Insurance Corporation NDIC has threatened to impose sanctions on some Deposit Money Banks in the country for alleged fraud. Mohammed Ibrahim, NDIC Spokesman,...
