Tag: NDIC
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PenCom denies least paid staffer receives N3 million monthly
The National Pension Commission (PenCom) said that the highest paid official of the commission earns less than N1million a month, an official has said.
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Failed banks: NDIC publishes final dividend declaration call to depositors, creditors
The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation.
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Collaborative measures crucial to preventing bank failure in Nigeria – EFCC
The Chairman of the Economic and Financial Crimes Commission (EFFC) Abdulrasheed Bawa, has called for collaboration from stakeholders in the financial sector to prevent banks in the country from becoming insolvent. Bawa made the call in Lagos on Wednesday, while delivering a goodwill message at the opening of a two-day workshop organised by the Nigeria…
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NDIC gives update on sale of Polaris Bank, other banks
Mr 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 clarification on the sideline of a three-day Capacity Building Workshop organised by the Legal Department of NDIC, for law enforcement agencies at BWC Hotel, Victoria…
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Ponzi scheme: NDIC warns Nigerians to beware of fraudulent financial institutions
The Nigeria Deposit Insurance Corporation (NDIC), has advised Nigerians to beware of Ponzi schemes operating under the guise of financial institutions. Mr Chima Onyechere, the Zonal Controller of NDIC, Ilorin Zone, who gave the advice on Wednesday in an interview with newsmen said such financial institutions were fraudulent. Onyechere said the corporation had intensified awareness…
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Buhari writes Senate to confirm appointment of 4 NERC commissioners
President Muhammadu Buhari, has written to the Senate to seek confirmation for the appointment of four commissioners for Nigeria Electricity Regulatory Commission.
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![NDIC Commences Closure Of 42 Microfinance Banks After CBN’s Directive [Full list]](https://thenewsguru.ng/wp-content/uploads/2020/12/NDIC-Office.jpg)
NDIC Commences Closure Of 42 Microfinance Banks After CBN’s Directive [Full list]
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 microfinance banks after a directive from the Central Bank of Nigeria (CBN). The NDIC had earlier on Friday announced on its website that the CBN has revoked the operating licences of 42 microfinance banks. “This is to inform the depositors, creditors, shareholders, and…
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![CBN withdraws operating licences of 42 microfinance banks [Full list]](https://thenewsguru.ng/wp-content/uploads/2020/08/emefiele-1.jpg)
CBN withdraws operating licences of 42 microfinance banks [Full list]
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down. The Nigeria Deposit Insurance Corporation (NDIC) has stepped in to wind down the banks. In a statement, the NDIC said it would promptly commence the verification of claims of depositors from today.…
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JUST IN: Buhari appoints NAICOM, NDIC board members
President Muhammadu Buhari has approved the appointment of Mr Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM). Mr Yunusa Abdullahi, Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning disclosed this in a statement in Abuja on Sunday. Thomas replaced Malam Mohammed Kari, who…