Tag Archives: NDIC

NDIC Emerges Best Performing Public Sector Agency In Information Technology Clearance Regulation

The Nigeria Deposit Insurance Corporation (NDIC) has been declared the best performing public sector institution in Nigeria on compliance with Information Technology Clearance Regulation after a rigorous selection process in Nigeria. The award was conferred on the Corporation by the Nigeria Technology Development Agency (NITDA), which is the promoter of IT regulation and development in Nigeria. It instituted the awards …

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NDIC Assures 100 Percent Coverage Of Depositors In Failed MFBs

The Nigeria Deposit Insurance Corporation (NDIC) has said it will provide 100 per cent cover for verified depositors’ claims depositors in failed 154 Microfinance Banks (MfBs). The licences of the banks were revoked by the Central Bank of Nigeria (CBN) last month. It said from record obtained, majority of the depositors especially in the MfBs have less than N200,000 in …

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NDIC Pays N11.50bn To Depositors Of Failed Banks, Recovers N28bn Debt

The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, Tuesday said a total of N11.50 billion had been paid to depositors, creditors, shareholders and other stakeholders of closed financial institutions as at December 31, 2017. He also said the sum of N368.43 million was recovered by the corporation from debtors of failed banks during the period under …

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NDIC Hosts IADI Africa Regional Committee Annual General Meeting & Technical Assistance Workshop In Lagos

The Nigeria Deposit Insurance Corporation (NDIC) will host the next edition of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual General Meeting and Technical Assistance Workshop. The event has been scheduled to hold at the Four Points by Sheraton Hotel, Lagos from the 25th – 27th September, 2018. The central theme for the Workshop is on …

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CBN, NDIC, Banks, FinTechs, Others For FICAN Conference

The 2018 annual conference of the Finance Correspondents Association of Nigeria (FICAN) will hold in Lagos on 15th and 16th of September, 2018. The conference, with the theme: “Banks, Fintech and Nigeria’s Financial Inclusion Journey,” has the Central Bank of Nigeria (CBN) Governor as the keynote speaker. There will also be representatives from the Nigeria Deposit Insurance Corporation (NDIC). The …

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NDIC Assists Uganda Deposit Protection Fund

The Nigeria Deposit Insurance Corporation (NDIC) is assisting the Uganda Deposit Protection Fund (DPFU) to develop capacity to implement the Deposit Insurance System (DIS) in the East African country. The Corporation hosted a five-member delegation from DPFU who arrived the country to understudy the activities of the Corporation. The NDIC has been the destination of choice for several sister agencies …

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NDIC Gets Three ISO Certifications

NDIC

The Nigeria Deposit Insurance Corporation (NDIC) has become the first public sector organization in Nigeria to be awarded three International Standards Organization (ISO) certifications by the British Standards Institute (BSI) simultaneously. At an elaborate ceremony in Abuja, the Corporation was presented with the three certificates by the British High Commissioner to Nigeria who was represented by the Lead Trade Adviser …

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NDIC Calls For Collaboration With IoD To Address Corporate Governance Challenges In Banks

IOD VISIT TO NDIC

The Managing Director / Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has identified the critical role the Institute of Directors (IoD) could play towards addressing the poor corporate governance practices that have posed a significant risk to the safety and stability of the Nigerian banking sector. Ibrahim made the remarks while receiving the Members of the Governing …

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NDIC Gets ISO Certification

NDIC LOGO

The Nigeria Deposit Insurance Corporation (NDIC) has successfully  obtained three certifications from the British Standards Institution (BSI) for Information Security Management System ISO/IEC 27001:2013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012 after a rigorous process of satisfying the conditions precedent to accreditation. According to a statement from the corporation, the British Standards Institute UK thoroughly engaged and …

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NDIC Calls For Restoration Of Banking Services In North East

NDIC Managing Director Alhaji Umaru Ibrahim

The Nigeria Deposit Insurance Corporation (NDIC) has called for restoration of banking services to the North Eastern zone of the country. Managing Director/Chief Chief Executive, NDIC Alhaji   Umaru Ibrahim made this call in Kano at   the corporation’s annual workshop for Business Editors and Finance   Correspondents   Association of Nigeria, tagged: “The role of Nigerian banking sector: opportunities, challenges and the way …

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