Tag Archives: NDIC

THE Nigeria Deposit Insurance Corporation has announced plans to pay the first tranche of liquidation dividends to depositors of Heritage Bank, whose operating licence was revoked by the Central Bank of Nigeria on June 3, 2024. According to the NDIC Managing Director/Chief Executive, Bello Hassan, the corporation had made significant …

THE Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved. Alhaji Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos. The …

The Nigeria Deposit Insurance Corporation (NDIC) has commenced investigations into allegation of financial impropriety levelled against one of its staff members. The NDIC said that while it is assessing the veracity of the reported incident, the alleged events are unrelated to the operations of the corporation but stressed that as …

The Senate on Tuesday confirmed the appointment of Dr Abdul Hakeem Mobolaji as chairman of the Governing Board of the Nigerian Deposit Insurance Corporation (NDIC), representing South West and six others Also confirmed by the red chamber are nominees for appointment as members of the NDIC Board.   They include …

Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said the corporation in September, declared 100 per cent liquidation dividend in 20 institutions. The dividends were in respect of the 49 Deposit Money Banks (DMBs) in-liquidation. Hassan made the disclosure at 2022 NDIC workshop, organised for the Finance Correspondents …

The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern on the increasing wave of non-performing insider loans in banks. A statement issued by the NDIC said  Ibrahim expressed the concern while receiving a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) led …