NDIC takes accountability, transparency seriously — MD, Sunday
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Sunday, has said that the organisation places a high value on accountability and transparency in all its activities. He explained that the agency is determined to build public trust through honest and responsible management of funds and operations. Speaking at a recent event, Sunday […]
Court Seals Keystone Bank In Abuja For Withholding Customers Funds
A High Court in Abuja has shut down Keystone Bank’s regional office after customers complained that the bank refused to release their money. The complaints said the bank blocked access to funds and would not allow people to make withdrawals, even when the requests were legitimate. Several customers said they had reached out to the […]
NDIC to pay first tranche of liquidation dividends to Heritage Bank depositors in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the first round of payments to customers of the closed Heritage Bank this April. This update was shared during the NDIC Special Day at the 36th Enugu International Trade Fair. The NDIC Managing Director, Bello Hassan, who was represented by Pamela Robert, the […]
Senate Removes CBN’s Authority to Appoint NDIC CEO
The Nigerian Senate has passed a new law that takes away the Central Bank of Nigeria’s (CBN) authority to appoint the CEO of the Nigeria Deposit Insurance Corporation (NDIC). This move, led by Senator Mukhail Adetokunbo Abiru and the Senate Committee on Banking, Insurance, and Other Financial Institutions, is part of an amendment to the […]
NDIC Pursues N700 Billion in Loans from Heritage Bank Debtors
The Nigeria Deposit Insurance Corporation (NDIC) has announced its intention to pursue debtors of Heritage Bank. The NDIC also stated it would compensate depositors of the now-closed Heritage Bank who have N5 million or less in their accounts. Appointed by the Central Bank of Nigeria as the bank’s liquidator, the NDIC plans to complete these […]