THE Nigeria Deposit Insurance Corporation (NDIC) said that it has successfully and transparently auctioned the defunct Heritage Bank’s assets which included landed properties and chattels . Its Managing Director, Bello Hassan, made the disclosure during the corporation’s special day at the ongoing 46th Kaduna International Trade Fair, Kaduna. He said that the auction was … Read more
THE Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions. Speaking at a press briefing in Abuja on Thursday, the NDIC Managing Director/Chief Executive, Bello Hassan, said the coverage ensures that depositors will be reimbursed up to a certain limit for their deposits in the event of a bank … Read more
THE Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has tasked the Nigeria Deposit Insurance Corporation, NDIC, to keep closer watch on banks across the country to avoid failure and its attendant unsavoury effects on the economy. He gave the charge in Abuja on Thursday, March 21, 2024, while playing … Read more