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Tag: NDIC

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Why banks must prioritize cybersecurity – NDIC

The Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan, has called on bankers in the country to pay attention to cybersecurity. This disclosure was made by Hassan at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman of the council of the Chartered Institute of Bankers of Nigeria in Lagos. […]

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NDIC raises banks’ deposit insurance coverage to N5m

The Nigeria Deposit Insurance Corporation has announced the rise in the maximum deposit Insurance coverage for depositors of banks by 900 per cent to N5 million. This was disclosed in a Press release by the Managing Director/Chief Executive of NDIC, Bello Hassan via its official X handle on Thursday. He said the increase of the […]

NDIC reimburses depositors of 179 disolved banks
Banking

NDIC reimburses depositors of 179 disolved banks

The Nigeria Insurance Corporation stated that depositors of four mortgage banks and 179 resting microfinance institutions nationwide have received their money back. According to The PUNCH, this was said on Thursday during the 45th Kaduna International Trade Fair at the NDIC Special Day, which was presided over by the organization’s managing director, Dr. Bello Hassan. […]

NDIC reimburses depositors of 179 disolved banks
News

NDIC settles over N120.5bn liquidity claims

The Nigeria Deposit Insurance Corporation has stated that 545,269 depositors, creditors, and shareholders of the country’s insolvent banking institutions have received payments totaling more than N120.532 billion towards liquidation claims. The Guardian reported that claimants of Deposit Money Bank’s DMB, Micro Finance Bank’s MFBs, and Pay Money Bank’s PMBs were covered by the liquidity made as of June […]

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