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 […]
Tag: Umaru Ibrahim
NDIC tackles legal challenges to banks’ liquidation
Excessive litigation and the lack of understanding of the legal role of the Nigeria Deposit Insurance Corporation as liquidator have been identified as the major challenges hampering the effective settlement of depositors. A statement by the corporation on Friday quoted the Managing Director/Chief Executive, NDIC, Alhaji Umaru Ibrahim, as saying […]
NDIC Warns Nigerians against Activities of ‘Wonder Banks’
The Managing Director of the Nigerian Depositors Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has urged Nigerians to take advantage of the new regulations protecting their investments, saying that the corporation would ensure that their deposits remain safe. He also disclosed that the NDIC has paid N90.13 billion to depositors in […]
