NDIC
27 Feb
The Nigeria Deposit Insurance Corporation (NDIC) has appealed for the continued support of external solicitors’ of the Corporation in facilitating debt recovery and assets realisation of failed banks. Mr Hassan Bello, the Managing Director of NDIC, made the appeal at the 2024 Sensitisation Seminar for External Solicitors of the NDIC in Abuja on Thursday. Bello,…
21 Feb
The Nigeria Deposit Insurance Corporation NDIC has called external solicitors to assist the corporation with debt recovery and assets realization during bank litigation. The Managing Director/Chief Executive Officer NDIC, Hassan Bello, who made this remark yesterday at the 2025sensitizationn seminar for external solicitors of the NDIC, stressed the challenges some solicitors have encountered during litigation.…
20 Feb
The Nigeria Deposit Insurance Corporation (NDIC) has said that in the past three decades, its activities have contributed to safeguarding against bank failures and promoting stability in the financial system. The Managing Director of NDIC, Bello Hassan, said this at the Corporation's Special Day at the 46th Kaduna International Trade Fair on Thursday. Hassan said…
20 Feb
The Nigeria Deposit Insurance Corporation (NDIC) said that it has successfully and transparently auctioned the defunct Heritage Bank’s assets
4 Dec
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…
20 Nov
As the world celebrates this year's edition of World Savings Day, the Nigeria Deposit Insurance Corporation (NDIC), a federal government financial agency, on Wednesday alleviated the fears of those who deposited their money at the liquidated Heritage Bank, stating that in due course, all depositors will receive their funds. The Benin Zonal Controller, Mrs. Patricia…
15 Nov
The Nigeria Deposit Insurance Corporation (NDIC) has reassured bank depositors of their insured sums in case of any bank failure.The assurance was given at the just-concluded 36th Lagos International Trade Fair, by the Managing Director of NDIC, Bello Hassan.
12 Nov
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the auctioning of landed properties and chattels of the failed Heritage Bank.
29 Oct
The Senate passed the Nigeria Deposit Insurance Corporation (NDIC) Act No. 33 of 2023 on Tuesday. This legislation aims to strengthen the NDIC's ability to protect depositors, ensure the stability of financial institutions, and enhance public trust in the banking system. Sponsored by Senator Mukhail Adetokunbo Abiru (Lagos East) and supported by the Senate Committee…
29 Oct
The Senate Committee on Banking, Insurance, and Other Financial Institutions has said the insurance coverage increment
24 Oct
The House of Representatives has resolved to beam its searchlights on the Federal Inland Revenue Service (FIRS), Corporate Affairs Commission (CAC), and Nigeria Deposit Insurance Corporation (NDIC) over alleged lopsided employment and extra-budgetary expenditures. Adopting a motion sponsored by Mr Ali Isa JC at plenary on Thursday, presided over by the Deputy Speaker, Mr. Benjamin…
11 Oct
The Nigeria Deposit Insurance Corporation (NDIC) has assured insured depositors in failed banks of the security of their funds. The NDIC Managing Director, Bello Hassan, disclosed this at the 2024 Customer Service Week celebration in Abuja.
Latest
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Justice Emeka Nwite of the Federal High Court, Abuja, has dismissed a suit seeking to compel the Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), to stop the Economic and Financial Crimes Commission (EFCC) from investigating allegations of fraud and economic crimes involving businessman, Abu Samaila Isa Funtua. The trial…
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The House of Representatives Committee on Environment, has urged the Nigeria National Petroleum Company Limited (NNPCL) to commence the clean up of communities affected by its oil spill and fire incident. Rep. Julius Gbabojor, Chairman of the committee, on Thursday in Abuja, said this was the resolution of the committee, following a hearing over a…
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43 mins ago
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57 mins ago
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1 hour ago
Oby Ezekwesili, a former two-time Nigerian minister, has slammed the Senate for dismissing Senator Natasha Akpoti-Uduaghan's petition that accused Senate President Godswill Akpabio of sexual harassment and abuse of office. Ezekwesili described the Senate’s actions as a "democratic aberration," "farcical," and a "blot on Nigeria's democracy." The petition, filed by Senator Natasha Akpoti-Uduaghan, was presented…