Author: InvestAdvocate

NNPC insurance fraud: NIA defends members’ involvement

  TUESDAY, 20 JULY 2010 01:12 MODESTUS ANAESORONYE     The umbrella body of insurance companies in the country, the Nigerian Insurers Association (NIA), has defended its members’ involvement in the Nigerian National Petroleum Corporation (NNPC) insurance account, alleged to have been inflated to the tune of $363.8 million during a ten-year […]

NDIC to Peg Depositors Refund

  From Ernest Chinwo in Calabar, 07.20.2010 The Nigeria Deposit Insurance Corporation (NDIC) has disclosed its plans to peg depositors refund from failed banks at between N200,000 and N500,000.Managing Director of NDIC, Alhaji Umaru Ibrahim gave the indications at the opening ceremony of a conference in Calabar, Monday, to fine […]

NDIC to Peg Depositors Refund

  From Ernest Chinwo in Calabar, 07.20.2010 The Nigeria Deposit Insurance Corporation (NDIC) has disclosed its plans to peg depositors refund from failed banks at between N200,000 and N500,000.Managing Director of NDIC, Alhaji Umaru Ibrahim gave the indications at the opening ceremony of a conference in Calabar, Monday, to fine […]