30 results
- 12 Dec 2023
Why Some Nigerian Banks Failed - Ibrahim
Umaru Ibrahim, immediate past managing director and chief executive officer, Nigerian Deposit Insurance Association (NDIC), has said that some Nigerian banks failed because of non-compliance with…
- 30 Sept 2018
Ibrahim NDIC Boss Emerges IADI Africa Regional Committee Chair
Umaru Ibrahim, the managing director of the Nigeria Deposit Insurance Corporation (NDIC), has been elected the new Chairperson of the Africa Regional Committee (ARC) of the International Association…
- 15 Mar 2020
NDIC says 40% Of Nigerians Lack Access to Financial Services
Umaru Ibrahim, Managing Director of the Nigeria Deposit Insurance Corporation, NDIC, has stressed the urgent need to bring more Nigerians into the financial services net. Ibrahim said the call has…
- 9 Nov 2016
Ibrahim, NDIC Boss Re-Elected into IADI Exco
Alh. Umaru Ibrahim, managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), has been re-elected into the Executive Committee of the International Association of Deposit…
- 10 Apr 2019
FG Expresses Confidence in New NDIC Board
Vice President Yemi Osinbajo has expressed confidence in the ability of the new Board and Management of the NDIC led by Mrs Ronke Sokefun whom he described as an experienced lawyer and Umaru Ibrahim…
- 20 Nov 2018
NDIC Recovers N28.5Bn from Debtors of Ailing Banks
Nigeria Deposit Insurance Corporation (NDIC) has recovered N28.48 billion from debtors of Deposit Money Banks in-liquidation as at December 31, 2017, according to Alhaji Umaru Ibrahim, managing…
- 25 May 2018
Concerns as NDIC Warns of Another Bank Failure
Another bank failure is imminent in the country on the back of weak corporate governance culture and weak internal control, according to Alhaji Umaru Ibrahim, managing director, NDIC, Nigeria Deposit…
- 27 Jul 2018
NDIC Boss Advocates Qualitative Education to Check Violence, Insecurity
Umaru Ibrahim, Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), has advocated quality education as panacea to check the spate of violence and insecurity challenges…
- 3 Jul 2014
NDIC Warns Bank Examiners against Unethical Practices
Alh Umaru Ibrahim, managing director, Nigeria Deposit Insurance Corporation (NDIC) yesterday warned its banks examiners against unethical practices, noting that the corporation would not condone any…
- 12 May 2017
No Sick Bank in Nigeria- NDIC
Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has dismissed rumours making the round that some banks in the country are distressed.…
- 3 Sept 2020
NDIC Seeks Strict Implementation of Fiscal, Monetary Policies
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has said that effective implementation of fiscal and monetary policy measures are critical towards addressing the…
- 2 Oct 2018
NDIC Paid N11.5bn to Depositors of Financial Institutions in 2017
Umaru Ibrahim, Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), has revealed that about N11.50 billion has been paid to financial institutions. The payment, he…
- 13 Sept 2018
NDIC Calls for Stronger Ethical Standard in Banking Industry
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has stressed the need for effective collaboration between regulators and operators in the banking system for the…
- 27 Sept 2019
NDIC Pays N116.2Bn to Depositors of Dead Banks
Nigeria Deposit Insurance Corporation (NDIC) said it has paid a total sum of N116.258billion to depositors and customers of defunct banks last year. Alhaji Umaru Ibrahim, managing…
- 13 Sept 2018
NDIC Chides Banks for Abuse of Ethics
Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has decried instances of abuse of extant regulations and ethical standards by deposit money…
- 5 Jun 2013
NDIC Strategises on Emerging Issues in Banking Industry, Depositors Safety
The Nigeria Deposit Insurance Corporation (NDIC), said it would develop strategies to address emerging issues affecting the performances of banks to protect depositors. Alhaji Umaru Ibrahim, managing…
- 3 Mar 2017
3 Million Nigerians Lost N18Bn to MMM – NDIC
The Nigerian Deposit Insurance Corporation (NDIC) has said about three million Nigerians lost N18 billion in the Phonzi scheme, popularly called Mavrodi Mundial Movement (MMM). Alhaji Umaru Ibrahim,…
- 5 Mar 2014
CBN Set to Liquidate 83 Micro Finance Banks
Alhaji Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation, said yesterday that the Central Bank of Nigeria has approved the liquidation of 83 licensed micro finance banks.…
- 16 Apr 2013
NDIC Moves to Protect Investors in Capital Market
Alhaji Umaru Ibrahim, managing director, Nigeria Deposit Insurance Corporation (NDIC) has said that the agency is seeking for the establishment of an explicit investor protection scheme to protect…
- 29 Sept 2014
NDIC to Increase Deposit Cover for Mortgage Banks
The Nigeria Deposit Insurance Corporation (NDIC) has unveiled plans to increase the deposit insurance coverage for customers of Primary Mortgage Banks operating in the country. Alh. Umaru Ibrahim,…
- 20 Aug 2016
NDIC Unhappy with Casual Workers in Banks
Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has reiterated the need to reduce the phenomenon of staff casual employments in the banking…
- 4 May 2014
NDIC Tasks Banks on Tech Deploymen
Alhaji Umaru Ibrahim, managing director/chief executive officer of Nigeria Deposit Insurance Corporation (NDIC), has projected that the future of the banking industry will be more complex in terms of…
- 16 Jun 2014
NDIC Moves to Improve Mobile Banking Services
Umaru Ibrahim, managing director, Nigeria Deposit Insurance Corporation (NDIC) has called on stakeholders in the mobile money business to seek ways of extending the service to a larger proportion of…
- 8 Feb 2010
Banks Are Now Safe - NDIC
Customers will now heave a sigh of relief and patronize any bank as Alhaji Umaru Ibrahim, acting managing director, Nigeria Deposit Insurance Corporation (NDIC) has assured that Nigerian banks are…
- 16 Dec 2016
NDIC, CBN Mull Digital Currency to Battle MMM
Alhaji Umaru Ibrahim, Managing Director, Nigeria Deposit Insurance Commission (NDIC), yesterday said the commission and Central Bank of Nigeria (CBN) had set up a committee to look into the trending…
- 12 Mar 2020
NDIC Says 40 Percent of Nigerians Can’t Access Financial Services
Nigeria Deposit Insurance Corporation (NDIC) has said that 40 per cent of Nigerians do not have access to financial services. Umaru Ibrahim, managing director/CEO, NDIC, said there was need to bring…
- 31 Dec 2019
Mobile Money Subscribers Hit 9.25m in 6 Months
The number of subscribers to the 23 Mobile Money Operators (MMOs) in the country stood at 9.25million as at the first half of this year, Alhaji Umaru Ibrahim, managing director and chief executive of…
- 5 Mar 2020
NDIC Pays All Depositors of 18 Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), said it has fully paid all depositors of the 18 failed banks their deposits and paid creditors and shareholders of the banks N4.987 billion as…
- 23 Nov 2017
CBN, NDIC Push Banks to Return to Northeast
There are ongoing moves by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to get commercial banks and microfinance banks return to the troubled North-East region,…
- 24 Jan 2015
NDIC Grants More Rebate on Insurance Premium for DMBs
Nigeria Deposit Insurance Corporation (NDIC) has further reduced the deposit insurance premium rate to all Deposit Money Banks (DMBs) in Nigeria as part of efforts toward contributing to financial…