The Nigeria Deposit Insurance Corporation (NDIC) has initiated the process of realising the assets and recovering debts from defunct banks to activate payment of uninsured depositors through liquidation dividends. Additionally, the corporation assured compensation for depositors of defunct banks whose balances exceed N5 million. NDIC Managing Director, Mr Bello Hassan, stated this on Wednesday at…

A lawyer to Nigerian musician Darlington Okoye, known as Speed Darlington, has demanded that his client be granted bail after spending one week in police detention. Darlington's lawyer, Stan Alieke, made the demand on Wednesday in a post he shared on his official Instagram account, adding that his client is entitled to bail. “Today marks…

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has stressed the urgency of passing the Tax Reforms Bills, stating that they are crucial to addressing the struggles faced by most Nigerians. In an interview with Arise News on Wednesday, Oyedele responded to concerns raised by Borno State Governor, Professor Babagana…

Oyo State Governor, Mr Seyi Makinde, on Wednesday, pledged his support for Osun State Governor, Ademola Adeleke, ahead of the political challenges in both states, stating that the All Progressives Congress (APC) will not win in Osun and Oyo. Makinde's remarks came after APC National Chairman, Dr. Abdullahi Ganduje, claimed the APC would win in…

The Central Bank of Nigeria (CBN) has said its Exit Package (EEP) is entirely voluntary and without negative consequences, adding that it has nothing to do with force mass retirement. The Acting Director of Corporate Communications, CBN, Mrs. Hakama Ali, said the EPP was formerly accorded to the executives but is now available to staff…