NDIC lauds judiciary over prosecution of failed bank cases


The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary for the timely prosecution of failed banks cases over the years.

The commendation is contained in a statement issued by Mr Bashir Nuhu, the NDIC Director, Communication and Public Affairs Department, on Monday.

The statement said the Managing Director of NDIC, Mr Bello Hassan, gave the commendation in Abuja.

Hassan said support from its external solicitors and the judiciary were evidenced by heightened diligence in handling the corporation’s cases and making informed judgments from the court.

He said the support had also resulted in increased awareness on the benefits of deposit insurance scheme in the public domain.

Hassan said the recovery of debts and realization of assets of closed banks were critical to the achievement of the Corporation’s mandate as a liquidator.

He said that the NDIC would continue to collaborate with the judiciary and external solicitors in handling parties’ suits against the NDIC.

”We must also collaborate with the judiciary and solicitors in handling the corporation’s cases against debtors toward recovering the debts owed to banks under liquidation,” he said


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