30 results
- 2 Nov 2023
NDIC to Shut Down Some Banks over Default, Blames Cabals for Failure
Nigeria Deposit Insurance Corporation (NDIC) is working on a winding-up rule that will allow it to take down failing institutions, according to Bello Hassan, managing director of NDIC. Hassan stated…
- 18 Dec 2023
NDIC Pays N1.7Bn to over 42,000 Customers of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) has paid N1.7 billion to over 42,000 customers of failed banks, according to Bello Hassan, managing director/CEO of the corporation. Hassan stated this…
- 15 Mar 2021
NDIC Begins Hunt for Debtors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) is to go tough on debtors of failed banks, according to Mr. Bello Hassan, new managing director of the organization. Hassan,who stated this at his…
- 6 Feb 2022
NDIC to Strengthen Capacity in Procurement Processes
Mr Bello Hassan, managing director/chief executive, Nigeria Deposit Insurance Corporation (NDIC), has said the corporation will continue to build capacity in procurement processes. Hassan spoke at a…
- 11 Aug 2022
All Banks Safe and Sound —NDIC
Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC) has said that all Deposit Money Banks (DMBs) in Nigeria, including Polaris Bank are safe and sound. Hassan made the…
- 1 Oct 2024
NDIC Partners Judiciary to Prosecute Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), has strengthened its partnership with the judiciary aimed at enhancing the prosecution of failed banks, according to Bello Hassan, managing director of…
- 15 Nov 2023
NDIC Urges Nigerians to Stop Patronising Ponzi Schemes, Wonder Banks
The Nigeria Deposit Insurance Corporation, NDIC, has warned traders and business owners from patronising wonder banks and ponzi schemes. Managing Director/Chief Executive, NDIC, Bello Hassan gave…
- 12 Jun 2022
NDIC Says Banks Stable despite COVID-19 Challenges
Mr Bello Hassan, managing director/chief executive, Nigeria Deposit Insurance Corporation (NDIC), has said that Nigerian banks maintained stability despite challenges brought about by the COVID-19…
- 8 Feb 2023
NDIC Reiterates Commitment to Protecting Mfbs Customers
Mr. Bello Hassan, the Managing Director/ Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), has said the corporation is working assiduously to ensure more Microfinance Banks…
- 26 Sept 2024
BVN Enabled Us in Timely Payment of 85 Percent of Heritage Bank Depositors — NDIC
Mr Bello Hassan, managing director/CEO, Nigeria Deposit Insurance Corporation (NDIC), has said that the use of Bank Verification Numbers (BVN) facilitated the successful reimbursement of 84.98 per…
- 6 Jul 2021
NDIC Seeks Partnership with BPSR on Innovation in Service Delivery
Mr. Bello Hassan, managing director/chief executive, Nigeria Deposit Insurance Corporation (NDIC), has said it is ready to partner the Bureau of Public Service Reforms (BPSR) towards enhancing…
- 7 Dec 2023
NDIC to Pay N16.18Bn Liquidation Dividends to Depositors of 20 Failed Banks
Nigeria Deposit Insurance Corporation (NIDC), has asked depositors of 20 failed banks to come forward and claim their liquidation dividends amounting to N16.8 billion. Bello Hassan, managing director…
- 20 Feb 2025
Depositors Funds Safe in Nigerian Banks- NDIC
Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said that with strict regulations put in place by the agency, depositors need not worry about the safety of their…
- 6 Jun 2024
NDIC Vows to Recover N700Bn Loan Owed Heritage Bank
Nigerian Deposit Insurance Corporation (NDIC) on Wednesday said it would go after debtors of Heritage Bank owing the bank about N700bn. Bello Hassan, managing director of the Corporation gave the…
- 8 Oct 2023
NDIC Pays 29,573 Depositors of Closed MFBs, PMBs
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and Primary…
- 5 Jun 2024
Heritage Bank: Step-to-Step Process to Reclaim Funds as NDIC Pledges to Pay Customers within one Week
Nigerian Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank it will pay their deposits within one week. Bello Hassan, Managing Director of NDIC, stated this at a briefing…
- 5 Oct 2021
NDIC Warns Bank Customers to be Careful of Ponzi Schemes
The Nigeria Deposit Insurance Corporation (NDIC) has warned bank depositors against falling into Ponzi schemes’ traps due to promises of very high returns in. Mr. Bello Hassan, Managing Director (MD)…
- 8 Sept 2021
NDIC Pays N118.71Bn to Bank Depositors — MD
Nigeria Deposit Insurance Corporation (NDIC) said it has paid N118.71 billion to both the insured and uninsured depositors of failed banks as of June this year. Bello Hassan, managing director/chief…
- 1 Apr 2014
Without Ships, Nigeria Not A Maritime Nation- NSC
Hassan Bello, executive secretary and chief executive officer of the Nigerian Shippers’ Council (NSC) said that Nigeria could be regarded as a pretender in the comity of maritime nations without…
- 12 Jul 2024
NDIC, EFCC Begin Investigation of Directors, Staff of Heritage Bank
Nigeria Deposit Insurance Corporation (NDIC) has said it will, in conjunction with law enforcement agencies, commence investigation of directors, managers and staff of the defunct Heritage Bank…
- 29 Nov 2023
NDIC to Recover N400Bn Debts Owed Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), is prepared to wield the big stick in its ongoing efforts to recover over N400 billion owed by debtors of failed banks which are now in liquidation,…
- 26 Mar 2018
UBA Identifies with Youth, Unveils 30 Campus Ambassadors
United Bank for Africa (UBA) Plc has launched the second edition of its Campus Ambassador Programme with the induction of 30 new brand ambassadors. The UBA Campus Ambassador Programme is an…
- 4 Jun 2014
NSC Tightens Noose on Freight Forwarders, Reviews Port Concession Agreement
The Nigerian Shippers’ Council (NSC), the nation’s port economic regulator, is putting finishing touches to plans to introduce a minimum capital base for companies engaged in freight forwarding…
- 1 Mar 2024
Savannah Bank not Liquidated, Still Licensed - NDIC
Nigeria Deposit Insurance Corporation (NDIC), has said that Savannah Bank is not liquidated. It consequently urged depositors of the bank to keep their account documents, as their bank is still…
- 14 Jul 2024
NDIC Harps on Collaboration to Check Insider Abuses, Financial Malpractices
The Nigeria Deposit Insurance Corporation, NDIC, urged for more collaboration with enforcement agencies to tackle the menace of insider abuses and malpractices in financial institutions. Bello…
- 21 Aug 2013
Nigeria’s New Freight Rates on Import, Export Begins Oct. 1
Nigerian importers and exporters can now trade cheaper, as the Nigerian Shippers' Council (NSC) has assured its readiness to begin implementation of the reviewed three per cent levy collected by the…
- 3 May 2021
CBN, Stakeholders Seek Collaboration among MFBs on Micro-insurance
The Central Bank of Nigeria (CBN) and financial sector experts have called for collaborative efforts among microfinance banks (MFBs) in order to promote micro-insurance as a tool for deepening…
- 23 Nov 2020
Cashless Banking Attracts ePayment Risks- CBN
Central Bank of Nigeria (CBN) has said the implementation of the cashless policy had increased the risks associated with e-payments. Speaking at the First Bank of Nigeria Information Security webinar…
- 29 Nov 2023
NDIC Mulls Increase of Insurance Coverage Payment to Depositors Of DMBs, MFBs, PMIs
Depositors of liquidated Deposit Money Banks ( DMBs), Primary Mortgage Institutions ( PMIs), and Microfinance Banks ( MFBs) are to, enjoy a new threshold of maximum deposit insurance coverage…
- 7 Nov 2021
NDIC Urges Customers to Petition Banks’ Excess Charges
Nigerian Deposit Insurance Corporation (NDIC), has asked customers who discover that they have been overcharged on their accounts by the banks as account and card maintenance charges among others to…