ndic Archives - Freedom Online ...express yourself Fri, 03 Jul 2026 15:37:30 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.4 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png ndic Archives - Freedom Online 32 32 NDIC Begins Liquidation of 46 Failed Microfinance Banks as Customers Seek Fast Payment https://freedomonline.com.ng/ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment https://freedomonline.com.ng/ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment/#respond Fri, 03 Jul 2026 15:37:30 +0000 https://freedomonline.com.ng/?p=280311 Bank customers have praised the Nigeria Deposit Insurance Corporation for moving quickly after the Central Bank of Nigeria revoked the licences of 46 microfinance banks across the country. The customers, who spoke in Abuja on Friday, said NDIC’s immediate liquidation action was encouraging but urged the corporation to make the process simple, fast and accessible […]

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]]> https://freedomonline.com.ng/ndic-begins-liquidation-of-46-failed-microfinance-banks-as-customers-seek-fast-payment/feed/ 0 NDIC pays 82.36% of Heritage Bank depositors https://freedomonline.com.ng/ndic-pays-82-36-of-heritage-bank-depositors/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-pays-82-36-of-heritage-bank-depositors https://freedomonline.com.ng/ndic-pays-82-36-of-heritage-bank-depositors/#respond Mon, 12 Aug 2024 08:56:05 +0000 https://freedomonline.com.ng/?p=235258  The Nigeria Deposit Insurance Corporation (NDIC) says it has paid 82.36 per cent of depositors with above N5 million as insured sum in the defunct Heritage Bank. The Director of Communication and Public Affairs, Mr Bashir Nuhu, in a statement on Sunday, said that the step underscored the corporation’s commitment to safeguarding depositors’ funds. Nuhu […]

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]]> https://freedomonline.com.ng/ndic-pays-82-36-of-heritage-bank-depositors/feed/ 0 Discrepancy in account names delaying Heritage Bank customers’ payment – NDIC https://freedomonline.com.ng/discrepancy-in-account-names-delaying-heritage-bank-customers-payment-ndic/?utm_source=rss&utm_medium=rss&utm_campaign=discrepancy-in-account-names-delaying-heritage-bank-customers-payment-ndic https://freedomonline.com.ng/discrepancy-in-account-names-delaying-heritage-bank-customers-payment-ndic/#respond Mon, 01 Jul 2024 11:50:59 +0000 https://freedomonline.com.ng/?p=231451 The Nigeria Deposit Insurance Corporation (NDIC) says  account names in Bank Verification Number (BVN) linked alternate account of some defunct Heritage Bank customers is delaying the payment of their insured deposits. Mr Bello Hassan, the Managing Director of NDIC told the News Agency of Nigeria (NAN) on Sunday in Abuja. Hassan said the corporation had […]

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]]> https://freedomonline.com.ng/discrepancy-in-account-names-delaying-heritage-bank-customers-payment-ndic/feed/ 0 NDIC to pay N16.18bn liquidation dividends of 20 failed banks https://freedomonline.com.ng/ndic-to-pay-n16-18bn-liquidation-dividends-of-20-failed-banks/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-to-pay-n16-18bn-liquidation-dividends-of-20-failed-banks https://freedomonline.com.ng/ndic-to-pay-n16-18bn-liquidation-dividends-of-20-failed-banks/#respond Fri, 08 Dec 2023 21:42:46 +0000 https://freedomonline.com.ng/?p=214047 The Nigeria Deposit Insurance Corporation (NDIC) says it is prepared to conduct 100 per cent liquidation dividend payments worth N16.18 billion for depositors of 20 failed banks. Already the corporation has asked depositors to come forward for verification and payment of their deposits that are in excess of the guaranteed sums, otherwise called “liquidation dividends”. […]

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]]> https://freedomonline.com.ng/ndic-to-pay-n16-18bn-liquidation-dividends-of-20-failed-banks/feed/ 0 NDIC bags ICPC’s best ethics, integrity compliance scorecard for MDAs https://freedomonline.com.ng/ndic-bags-icpcs-best-ethics-integrity-compliance-scorecard-for-mdas/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-bags-icpcs-best-ethics-integrity-compliance-scorecard-for-mdas https://freedomonline.com.ng/ndic-bags-icpcs-best-ethics-integrity-compliance-scorecard-for-mdas/#respond Sun, 05 Nov 2023 22:22:44 +0000 https://freedomonline.com.ng/?p=210665 The Nigeria Deposit Insurance Corporation (NDIC), has bagged the Independent Corrupt Practices and Other  Related Offences Commission (ICPC) 2023 Ethics and Integrity Compliance Scorecard (EICS) for Ministries, Department and Agencies (MDAs). Mr Bashir Nuhu, the Director, Communication and Public Affairs Department of NDIC, said this in a statement in Abuja on Sunday. Nuhu said the […]

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]]> https://freedomonline.com.ng/ndic-bags-icpcs-best-ethics-integrity-compliance-scorecard-for-mdas/feed/ 0 NDIC paid N16bn to defunct bank stakeholders’ – Official https://freedomonline.com.ng/ndic-paid-n16bn-to-defunct-bank-stakeholders-official/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-paid-n16bn-to-defunct-bank-stakeholders-official https://freedomonline.com.ng/ndic-paid-n16bn-to-defunct-bank-stakeholders-official/#respond Thu, 02 Nov 2023 17:04:36 +0000 https://freedomonline.com.ng/?p=210396 The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the past 20 years. The Principal Manager, NDIC Kano Zonal Office, Ms Hajara Imam stated this at the 2023 World Savings Day. She said the Corporation earmarked over N16 billion […]

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]]> https://freedomonline.com.ng/ndic-paid-n16bn-to-defunct-bank-stakeholders-official/feed/ 0 NDIC trains students on financial literacy https://freedomonline.com.ng/ndic-trains-students-on-financial-literacy/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-trains-students-on-financial-literacy https://freedomonline.com.ng/ndic-trains-students-on-financial-literacy/#respond Fri, 04 Aug 2023 16:28:43 +0000 https://freedomonline.com.ng/?p=201109 The Nigeria Deposit Insurance Corporation (NDIC) has conducted a financial literacy training for secondary school students in Plateau to enhance their monetary decision. NDIC Public Affairs Manager, Mr Alfred Ijah, said that training which took place on Friday in Jos was part of NDIC Corporate Social Responsible (CSR). Ijah said that the exercise was to […]

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]]> https://freedomonline.com.ng/ndic-trains-students-on-financial-literacy/feed/ 0 NDIC lauds judiciary over prosecution of failed bank cases https://freedomonline.com.ng/ndic-lauds-judiciary-over-prosecution-of-failed-bank-cases/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-lauds-judiciary-over-prosecution-of-failed-bank-cases https://freedomonline.com.ng/ndic-lauds-judiciary-over-prosecution-of-failed-bank-cases/#respond Tue, 02 May 2023 06:49:11 +0000 https://freedomonline.com.ng/?p=191924 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 […]

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]]> https://freedomonline.com.ng/ndic-lauds-judiciary-over-prosecution-of-failed-bank-cases/feed/ 0 Silicon Valley Bank: NDIC tasks regulators on risk management https://freedomonline.com.ng/silicon-valley-bank-ndic-tasks-regulators-on-risk-management/?utm_source=rss&utm_medium=rss&utm_campaign=silicon-valley-bank-ndic-tasks-regulators-on-risk-management https://freedomonline.com.ng/silicon-valley-bank-ndic-tasks-regulators-on-risk-management/#respond Thu, 13 Apr 2023 16:36:31 +0000 https://freedomonline.com.ng/?p=190292 The Nigeria Deposit Insurance Corporation (NDIC) has urged regulators in the banking industry to draw supervisory lessons from the failure of Silicon Valley Bank and Credit Suisse by ensuring proper risk management. Mr Mustapha Ibrahim, the Executive Director (Operations), NDIC, gave the advice at the Chartered Institute of Bankers of Nigeria (CIBN) advocacy dialogue series […]

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]]> https://freedomonline.com.ng/silicon-valley-bank-ndic-tasks-regulators-on-risk-management/feed/ 0 NDIC wins ITF best human resources development employer award https://freedomonline.com.ng/ndic-wins-itf-best-human-resources-development-employer-award/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-wins-itf-best-human-resources-development-employer-award https://freedomonline.com.ng/ndic-wins-itf-best-human-resources-development-employer-award/#respond Sun, 26 Mar 2023 18:54:38 +0000 https://freedomonline.com.ng/?p=188675 The Nigeria Deposit Insurance Corporation (NDIC) has won the Industrial Training Fund (ITF) ‘Best Contributing Employer in Human Resources Development’ award for the 2022 service year. This is contained in a statement by Mr Bashir Nuhu, the Director, Communication and Public Affairs Department, NDIC, in Abuja on Sunday. Nuhu said the Director-General of ITF, Mr […]

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]]> https://freedomonline.com.ng/ndic-wins-itf-best-human-resources-development-employer-award/feed/ 0 Fraudsters becoming more creative — NDIC warns bank customers https://freedomonline.com.ng/fraudsters-becoming-more-creative-ndic-warns-bank-customers/?utm_source=rss&utm_medium=rss&utm_campaign=fraudsters-becoming-more-creative-ndic-warns-bank-customers https://freedomonline.com.ng/fraudsters-becoming-more-creative-ndic-warns-bank-customers/#respond Fri, 10 Mar 2023 11:33:41 +0000 https://freedomonline.com.ng/?p=187460 The Nigeria Deposit Insurance Corporation (NDIC) has warned bank customers and the public against displaying their bank details saying fraudsters were becoming more creative. The NDIC in its official website on Friday gave out four tips for bank customers to safeguard their accounts. The Corporation said that customers should ensure that their phones had password […]

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]]> https://freedomonline.com.ng/fraudsters-becoming-more-creative-ndic-warns-bank-customers/feed/ 0 2023: NDIC boss predicts upsurge of MFBs onboard NAMBUIT platform https://freedomonline.com.ng/2023-ndic-boss-predicts-upsurge-of-mfbs-onboard-nambuit-platform/?utm_source=rss&utm_medium=rss&utm_campaign=2023-ndic-boss-predicts-upsurge-of-mfbs-onboard-nambuit-platform https://freedomonline.com.ng/2023-ndic-boss-predicts-upsurge-of-mfbs-onboard-nambuit-platform/#respond Mon, 06 Feb 2023 14:46:15 +0000 https://freedomonline.com.ng/?p=185076 Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has predicted an increase in the number of microfinance banks listed on the National Association of Microfinance Banks Unified Information Technology (NAMBUIT) platform this year Hassan made the prediction at the 2022 NDIC Editors Forum with the theme, “Deposit Insurance System (DIS) and Financial System […]

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]]> https://freedomonline.com.ng/2023-ndic-boss-predicts-upsurge-of-mfbs-onboard-nambuit-platform/feed/ 0 Stakeholders in financial sector endorse amendment of NDIC bill https://freedomonline.com.ng/stakeholders-in-financial-sector-endorse-amendment-of-ndic-bill/?utm_source=rss&utm_medium=rss&utm_campaign=stakeholders-in-financial-sector-endorse-amendment-of-ndic-bill https://freedomonline.com.ng/stakeholders-in-financial-sector-endorse-amendment-of-ndic-bill/#respond Wed, 07 Dec 2022 20:22:04 +0000 https://freedomonline.com.ng/?p=179806 Stakeholders in the financial sector on Wednesday endorsed the Nigeria Deposit Insurance Corporation (NDIC) amendment bill, 2022. The stakeholders including Central Bank of Nigeria (CBN), Nigerian Financial and Intelligence Unit (NFIU) Asset Management Company of Nigeria(AMCON)and Economic and Financial Crimes Commission(EFCC), said this at public hearing organized by the Senate Committee on Banking, Insurance and […]

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]]> https://freedomonline.com.ng/stakeholders-in-financial-sector-endorse-amendment-of-ndic-bill/feed/ 0 NDIC declares100% dividend to pay depositors of 20 liquidated banks https://freedomonline.com.ng/ndic-declares100-dividend-to-pay-depositors-of-20-liquidated-banks/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-declares100-dividend-to-pay-depositors-of-20-liquidated-banks https://freedomonline.com.ng/ndic-declares100-dividend-to-pay-depositors-of-20-liquidated-banks/#respond Mon, 28 Nov 2022 11:55:23 +0000 https://freedomonline.com.ng/?p=178820 Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said the corporation in September, declared 100 per cent liquidation dividend in 20 institutions. The dividends were in respect of the 49 Deposit Money Banks (DMBs) in-liquidation. Hassan made the disclosure at 2022 NDIC workshop, organized for the Finance Correspondents Association of Nigeria (FICAN) and […]

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]]> https://freedomonline.com.ng/ndic-declares100-dividend-to-pay-depositors-of-20-liquidated-banks/feed/ 0 NDIC saved N949bn depositors’ funds in failed Skye Bank https://freedomonline.com.ng/ndic-saved-n949bn-depositors-funds-in-failed-skye-bank/?utm_source=rss&utm_medium=rss&utm_campaign=ndic-saved-n949bn-depositors-funds-in-failed-skye-bank https://freedomonline.com.ng/ndic-saved-n949bn-depositors-funds-in-failed-skye-bank/#respond Tue, 13 Nov 2018 13:52:23 +0000 http://freedomonline.com.ng/?p=82704 The Nigeria Deposit Insurance Corporation (NDIC) said it saved about N949.6 billion depositors’ funds in failed Skye Bank. Managing Director of the Corporation, Alhaji Umaru Ibrahim, disclosed this in Benin City, Edo State on Tuesday at the opening of a workshop for financial journalists organised by the NDIC. He said that the saving was achieved […]

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