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: Umaru Ibrahim
NDIC, judiciary, police to prosecute operators, debtors of 103 MFBs
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 […]
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 […]
