NDIC

“The Nigeria Deposit Insurance Corporation (NDIC) has a culture of zero tolerance for corruption, which is further strengthened by its core values of Teamwork, Respect and Fairness, Integrity, Professionalism, and Passion”. This formed…

The Nigeria Deposit Insurance Corporation (NDIC), has advised customers of closed banks to utilise the virtual verification platforms for payment of their deposits. NDIC’s Managing Director, Bello Hassan, gave the advise on Thursday…

The Nigeria Deposit Insurance Corporation (NDIC), on Monday, said CBN did not liquidate any new banks Social media platforms had last week reported that CBN liquidated 20 Banks. The corporation, in a statement released by the Director of…

The Nigeria Deposit Insurance Corporation (NDIC) is to begin the verification and payment of N16.18 billion in liquidation dividends to creditors, depositors, and stakeholders of 20 banks whose licences were revoked by the Central Bank of…

The International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan its Vice Chairperson. The…

Nigeria's banking regulators are seeking new investors for the 132 Microfinance banks whose licenses were revoked early this year, a move that suggests that the liquidation of the lenders may have been suspended. The affected MFBs that cut…

The new chairman of the Nigerian Deposit Insurance Corporation (NDIC), Alhaji Abdulhakim Abdulateef on Monday exposed the high rate of corruption in the regulatory agency, even as vested interests are scheming to oust him before his tenure…

The charges by both the National Deposit Insurance Corporation (NDIC) and the Asset Management Corporation of Nigeria (AMCON) have drawn a total of N247.88 billion from four Tier-1 banks in 2022 and cut down on returns to their equities'…

Following the recent review of its Differential Premium Assessment System (DPAS) Framework, the Nigeria Deposit Insurance Corporation (NDIC) has sought input from critical stakeholders towards making the document more robust and…