Tag: NDIC

Farouk Bello Bunza NDIC seems to be exceptionally good at re-writing narratives to validate its actions and inactions, which are ...

"Is NDIC acting on its own or is someone or a group of persons with interest in the property secretly ...

Under the liquidation process, depositors will receive insured sums up to a maximum of N2 million per person.

The global CEO of OPay made this commitment during a courtesy visit by OPay’s executive team to the headquarters of ...

NDIC relies on these valuations to effectively liquidate assets and pay depositors.

The awards, presented at the 2025 GRC & Financial Crime Prevention Awards, highlight OPay’s continued dedication to building a secure, ...

The corporation stated that the adoption of new technologies and market innovations by financial institutions are exposing those organisations to ...

The Ministry of Finance would fully support the new team.

The development follows months of uncertainty for customers who held large balances at the lender before its abrupt closure.

Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in ...

The remaining 17.64 per cent of the insured deposits yet to be paid were largely depositors whose accounts have post ...

On payment of depositors with more than five million naira with the bank, NDIC said they would be paid a ...

The official says Heritage Bank had deposits worth N650 billion and loans of about N700 billion.

The corporation assured depositors that they will be paid up to N5 million using their Bank Verification Number (BVN) to ...

The CBN said it took the action to strengthen public confidence in Nigeria's banking system.

The NDIC’s Interim Management Committee (IMC) approved the adjustment during its 18th meeting on 24 and 25 April

There is a consensus among industry experts that the twin problems of e-fraud and exorbitant charges hinder financial inclusion in ...

The primary function of NIRSAL PLC is to provide risk-mitigation services for financial institutions, including banks and microfinance banks when ...

The DPAS, implemented in 2008, aims to differentiate premiums paid by insured financial institutions based on their risk profiles

“Stop putting pressure on me with requests. I will not honour your requests. I am going to be very different,” ...

In February 2020, the payment was put on hold due to litigation challenging the revocation of the bank's operating license.

Buhari reconstitutes NDIC governing board, approves seven new appointments

The NDIC paid ₦11.83 billion to over 443,949 insured depositors and over ₦101.37 billion to uninsured depositors.

The lawmakers say there was a need to ensure that the divestment in the bank did not jeopardise the core ...

Mr Onyechere said the corporation has intensified awareness campaign across the nation, warning people against scammers operating ponzi schemes.