NDIC begins payment to Heritage Bank’s large depositors
The funds to pay the depositors were realised from sales of the bank’s assets and recovery of debts owed.
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The funds to pay the depositors were realised from sales of the bank’s assets and recovery of debts owed.
The Federal High Court describes the development as a milestone in the quest for modernisation and updating insolvency practice and ...
CIBN allayed the fears of bank customers and the general public, stating that such assertions were false and misleading
The House also tasked its Committee on Banking Regulations to probe the circumstances surrounding the failure of the Bank.
In cases where the Central Bank of Nigeria (CBN) revokes the license of some microfinance banks, such bank’s customers have ...
The liquidation exercise follows the revocation of their licences by the Central Bank of Nigeria
The NDIC boss also speaks on the controversy surrounding Societe Generale Bank and Savannah Bank, saying this has been resolved.
Mr Buhari made the announcement via a letter read by the Senate President, Bukola Saraki.
The current Nigerian Financial Intelligence Unit, NFIU, is an arm of the EFCC.
Casual staff account for about 25 per cent of the banking industry workforce.
“Fundamentals of Deposit Insurance Scheme” and “The Practice of Deposit Insurance” will now be offered in schools.
Some of the affected banks were closed because they only existed in paper. The Managing Director of the Nigeria Deposit ...
The corporation has already paid billions to depositors of failed banks. The Nigeria Deposit Insurance Corporation (NDIC) said on Thursday ...
The new framework would help check disruptions the financial system and economic activity in the country. The Central Bank of ...
Insurance Corporation and Central Bank collaborate on training staff in risk management and supervision.