Tag Archives: NDIC

The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy.

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has congratulated the new Managing Director and the Executive Director Operations of the Nigeria Deposit Insurance Corporation (NDIC) on their appointments and expressed optimism about deepening collaboration between the two institutions.

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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has inaugurated the new Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr Thompson Oludare Sunday and Executive Director (Operations), Dr Kabir Sabo Katata at the Ministry of Finance, Abuja. 

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The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance System.

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The Nigeria Deposit Insurance Corporation’s (NDIC) excellence in operational standards, consistent implementation of its mandate, and unwavering commitment to ethical leadership and sound corporate governance especially in banking supervision and depositor protection, have been critical factor in the Corporation’s success in promoting the stability of the banking sector and the nation’s financial system.

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The Nigeria Deposit Insurance Corporation (NDIC) is proud to announce its exceptional performance at the 2025 Federal Public Service Innovation Competition, emerging as both the overall winner (1st place) and Third runner-up (3rd place) out of 155 competing entries from across Ministries, Departments, and Agencies (MDAs).

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A liquidation dividend represents amount paid by the Corporation to depositors of a closed bank, in excess of the maximum insured limit, from the proceeds of sales of assets and recovery from the debtors of the failed bank. It also includes amounts paid to creditors and shareholders after all depositors have been fully paid.

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Chairman, House Committee on Insurance and Actuarial Matters, Hon Ahmadu Usman Jaha (middle) and MD/CE Nigeria Deposit Insurance Corporation, Mr Bello Hassan (2nd Left) pose for a photo with Hon Rasheed Abdullahi (1st Left) Hon. James Barka and NDIC Executive Director, Operations Mustapha M. Ibrahim (2nd and 1st Right) at the 2025 Stakeholders Workshop of the House Committee.

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MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan presents the NDIC research publications to the Chief Judge of the FCT High Court, Honourable Justice Husseini Baba-Yusuf along with Honourable Justice S. C. Orji and Honourable Justice M. F. Anenih during the NDIC Management’s visit to the FCT High Court, Abuja.

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The President of the Institute of Chartered Accountants of Nigeria (ICAN), Chief Davidson Chizuoke S. Alaribe, has commended the Nigeria Deposit Insurance Corporation (NDIC) for its continuous compliance to the highest standards of integrity and transparency which is critical to the success of its operations in safeguarding depositors’ funds and ensuring the stability of the financial system.

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