By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it is currently managing assets of nearly 600 failed banks and intensifying efforts to recover outstanding loans to enable payment of depositors’ uninsured funds. The Director of the Asset Management Department of the corporation, Mrs. Patricia Okosun made the disclosure on Thursday in…
The Nigeria Deposit Insurance Corporation (NDIC) has intensified its financial literacy campaign in secondary schools across Cross River State, emphasizing the importance of cultivating a savings culture among young Nigerians. Speaking in Calabar on Wednesday, the Principal Manager of the Communications and Public Affairs Department at NDIC, Bokepere Adeghe, said instilling the habit of saving…
By Adeyemi David The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting bank customers and strengthening public trust in financial system following a stakeholder townhall meeting in Enugu. The corporation in a tweet on it X handle announced an increase in deposit insurance coverage to ₦5 million for commercial bank customers and ₦2…
By Adeyemi David The Nigeria Deposit Insurance Corporation has stepped up efforts to deepen public understanding of deposit insurance while reaffirming that depositor funds remain protected under its regulatory framework. Managing Director of the corporation, Thompson Sunday, disclosed this at a stakeholders’ town hall meeting held on Saturday in Lagos. The meeting, themed “Strengthening Depositor…
The Nigeria Deposit Insurance Corporation (NDIC) has reassured Nigerians about the health of the nation’s banking sector, stating that banks are robust while confirming that over 80 per cent of depositors of the liquidated Heritage Bank have already received their insured funds. Speaking in Minna during the National World Savings Day commemoration, Mr. Zeyad Abubaka…
