Barbara Bako, Abuja The Nigerian Deposit Insurance Corporation has vowed to recover over N700 billion loan owed by debtors of the now liquidated Heritage Bank. The Managing Director of the Corporation Bello Hassan, stated this at a press conference on Wednesday in Abuja. Hassan assured customers of the bank that if the N700bn loan is…
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banks. Effective immediately, the new coverage adjustments were revealed during a press conference held by the NDIC’s MD/CEO, Mr. Bello Hassan, on May 2, 2024. FULL ADDRESS OF THE MD/CE NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC)…
The Nigerian Deposit Insurance Corporation (NDIC) is preparing to increase the maximum deposit insurance coverage to account for the effects of recent economic changes. This was revealed by NDIC Managing Director Bello Hassan during the 2023 Finance Correspondents and Business Editors’ Conference organized by the corporation in Owerri. Hassan stated that the new coverage amount,…
Barbara Bako, Abuja The Nigeria Deposit Insurance Corporation, NDIC, has distanced itself from a report doing round the social media platforms under the headline “CBN Liquidates 20 Banks – NDIC (Names).” According to NDIC, the 20 banks mentioned in the misleading reports were among the banks that had been previously closed due to the revocation…
NDIC reiterates role of judges in deposit insurance scheme Barbara Bako, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary on its better understanding of the deposit insurance practice towards promoting stability of the nation’s financial system. According to a statement signed by the Corporation’s Director, Communications and Public Affairs Bashir Nuhu, the…
