NDIC deepens engagement with Korea’s deposit insurer
The Nigeria Deposit Insurance Corporation (NDIC) is deepening its international engagements in a move to sustain best practices in the nation’s Deposit Insurance System...
NDIC renews call for amendment of enabling Act
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the ninth Senate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended), currently before the National Assembly. Ibrahim made the plea when the management of the corporation paid a courtesy…
NDIC expresses concern over cybercrime, ponzi schemes
The Nigeria Deposit Insurance Corporation (NDIC) yesterday raised the alarm over increased sophistication of cybercrime and proliferation of Ponzi schemes in the country, noting that the trend was posing a great challenge. It managing director, Umaru Ibrahim, who stated this at the ongoing 30th Enugu International Trade Fair in the Coal City, also said while…
NDIC reaffirms commitment to safeguard Nigeria’s financial services industry
The Managing Director of NDIC, Alhaji Umaru Ibrahim said this at a two-day seminar organised by the corporation for management staff of the Ministry of Finance in Abuja.Ibrahim was represented by the Director Research of NDIC, Mr Sunday Oluyemi.
Bank’s N949bn deposits intact, NDIC assures customers
Nigeria Deposit Insurance Corporation (NDIC), has assured customers of the defunct Sky Bank Plc, of maximum guarantee and unhindered access to their deposits in excess of N949.60 billion.
Skye Bank N949 billion customers’ deposits intact, NDIC assures
The Nigeria Deposit Insurance Corporation (NDIC) has assured customers of the defunct Skye Bank Plc of maximum guarantee and unhindered access to their deposits running into excess of N949.6 billion. Besides, the corporation said plans had been concluded to settle over N200,000.00 insured deposits to customers of Micro Finance Banks shut by Central Bank of…
Investigations uncover serial alleged frauds by Skye Bank Plc’s managers
The preliminary reports of the ongoing investigations of the management of the defunct Skye Bank Plc, have revealed serial manipulations...
NDIC seeks collaboration, strong ethical banking standards
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has stressed the need for effective collaboration between...
NDIC boss Ibrahim advocates better education to tackle violence, insecurity
The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has advocated quality education as panacea to check the spate of violence and insecurity challenges currently being experienced in the country. Ibrahim made the remark in an address he delivered at the 15th graduation ceremony of Zaria Academy, Kaduna State, where a…
NDIC raises banks’ risk management, partners ICPC
The Nigeria Deposit Insurance Corporation (NDIC) has taken up its risk management in banks a notch up, as it has entered into partnership with the Independent Corrupt Practices and other related Offences Commission (ICPC).
‘Losses to banking fraud, forgeries record decline’
Umaru Ibrahim, made this disclosure while delivering a lecture: “The Role of NDIC in Mitigating Corruption in the Nigerian Banks,” at the general meeting of the Abuja Chapter of the Alumni Association of the National Institute (AANI).