The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer, Alhaji Umaru Ibrahim, who revealed this, said NDIC in collaboration with judiciary and […]
Tag: NDIC
NDIC recovers N24.68bn from debtors of failed banks
The Nigeria Deposit Insurance Corporation said it recovered in 2012 a cumulative sum of N24.68bn from debtors of Deposit Money Banks that were liquidated by the Central Bank of Nigeria. The N24.68bn represents an increase of N2.42bn over the N22.26bn recovered in 2011. It also said that a cumulative debt […]
NDIC Sets Aside N16b To Sustain Mortgage Banking Sector
Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim recently said about N16 billion has been set aside by the corporation to ensure the sustenance of primary mortgage banking in the country. He decried the continued low contribution by the micro-finance banks operators both in the North-east […]
