NDIC begins process of paying depositors of 3 failed microfinance banks
The Nigeria Deposit Insurance Corporation (NDIC) has begun the process of paying depositors in 3 failed micro-finance banks.
Tag: Nigeria Deposit Insurance Corporation
NDIC says deposit insurance scheme does not cover bank directors, staff
The NDIC has insisted that its Deposit Insurance Scheme (DIS) does not cover insider deposits which are made up of ...
NDIC deploys SCV to safeguard microfinance banks’ customers from bank failure
The NDIC has created a SCV platform that will be deployed to microfinance banks to avoid delays in depositor reimbursement ...
Bank failure: Over 97% of depositors at deposit money banks are covered by the NDIC
In the event of a bank failure, the Nigeria Deposit Insurance Corporation (NDIC) stated that over 97 per cent of ...
NDIC to collaborate with bankers’ committee, others to tackle cybercrimes
The Nigeria Deposit Insurance Corporation (NDIC) is in collaboration with the bankers' committee and other government agencies to check the ...
NDIC says it has paid N101 billion to depositors of failed banks
As of June 30, 2021, the Nigeria Deposit Insurance Corporation (NDIC) had paid a total of N101.67 billion in uninsured ...
NDIC warns bank customers against falling prey to ponzi schemes
Bank depositors have been warned by the Nigeria Deposit Insurance Corporation (NDIC) against falling prey to Ponzi schemes. This was ...
NDIC commences payment of liquidation dividend to depositors of 14 closed banks
The NDIC has announced its readiness to begin payment of liquidation dividends to uninsured depositors, creditors and shareholders of 14 ...
CBN, NDIC to set up bridge bank for struggling financial institutions
The CBN and the NDIC have been empowered to set up a Banking Sector Resolution Fund to ensure the safety ...
Depositors of Post Service Homes Savings and Loans Limited soon to be paid – NDIC
Depositors of Post Service Homes Savings and Loans Limited currently in liquidation will soon be paid their claims.
