March 4, 2016 By Maryam Ahmadu-Suka, The Nigeria Deposit Insurance Corporation (NDIC) has advised members of the public to stop patronising cooperative societies used by unscrupulous elements to engage in-illegal collection of deposits and defrauding of unsuspecting members of the public. The Managing Director of NDIC, Alhaji Umaru Ibrahim, who […]
Tag: Nigeria Deposit Insurance Corporation
NDIC Release Deposit Insurance Guidelines on Mobile Payments System
January 18, 2016/NDIC Following the introduction of mobile banking in Nigeria by the Central Bank of Nigeria (CBN) which issued operating licences to many deposit money banks (DMBs) and telecommunication companies to provide mobile banking services, the Nigeria Deposit Insurance Corporation (NDIC) has released deposit insurance guidelines on the mobile […]
NDIC releases framework for insuring non –interest banking deposits
By Ade Ogidan, Business Editor on January 13, 2016/The Guardian Nigeria Deposit Insurance Corporation (NDIC) has developed a framework for insuring liabilities on non-interest banking deposits in the country. The development was sequel to the successful take-off of the non interest banking in Nigeria, through the current initiatives of Ja’iz, […]
