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: Nigerian Deposit Insurance Corporation
Bank depositors paid N73.5bn dividend in 2012- NDIC
Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation, Alhaji Umaru Ibrahim, said a total of N73.5bn was paid as liquidation dividends to 250,209 depositors of Deposit Money Banks in 2012. He also said despite the daunting challenges in the nation’s financial market, the corporation paid a cumulative insured deposits of […]
FG to strengthen microfinance banks
Nigerian Deposit Insurance Company on Thursday said that the Federal Government had concluded plans to address the challenges facing the microfinance banks. Managing Director and Chief Executive Officer of NDIC, Mr. Umaru Ibrahim, made the disclosure at the opening of a two-day workshop organised for operators in the microfinance banking […]
