The MD/CE of the NDIC, Mr. Thompson OludareSunday, has called on the Nigerian Institution of Estate Surveyors & Valuers (NIESV) to strengthen strategic collaboration with the Corporation as the NDIC relies on NIESV members for accurate and credible valuation of assets of failed banks, which is critical for effective liquidation and payment of depositors. …
The Nigeria Deposit Insurance Corporation (NDIC) is now operating with stronger and more effective laws to carry out its bank liquidation mandate, according to the Managing Director/Chief Executive of the NDIC, Mr. Thompson Oludare Sunday. Mr. Sunday noted that the enactment of the NDIC Act No. 30 of 2023, along with the…
The management of the Nigeria Deposit Insurance Corporation (NDIC) recently paid a courtesy visit to the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, at the Federal Ministry of Finance in Abuja. Led by the Managing Director/Chief Executive Officer, Mr. Bello Hassan, the visit aimed to strengthen the relationship between the NDIC…
FG has moved to liquidate 87 Microfinance Banks among others. Truetells Nigeria reports that Nigerian Deposit Insurance Corporation (NDIC) will at the expiration of its notice released on August 23, 2024, approach a federal high court to grant the order to dissolve 87 microfinance banks and primary mortgage banks in the county. NOTICE is hereby given to the General…
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid depositors, with balances exceeding Five Million Naira, the initial insured sum of Five Million Naira, while the remaining balances (classified as uninsured deposits) will be paid as liquidation dividends upon realization of the defunct bank’s assets and recovery of debts owed to the defunct…
Regulators and stakeholders in Finance, Business and other segments of Nigeria’s economy are set to gather in Lagos for the 2023 Finance and Business Online Publishers (FiBOP) Annual Conference Globally acclaimed award winning regulators including the Nigeria Deposit Insurance Corporation (NDIC), the Nigerian Communications Commission (NCC), Securities and Exchange Commission (SEC) and Nigeria Insurers…
