Tag Archives: NDIC

As the official Liquidator of the failed Banks in Nigeria, the Nigeria Deposit Insurance Corporation (NDIC), in line with its mandate wishes to inform the depositors & ex-staff (deposits) of defunct Peak Merchant Bank that it has concluded preparations to pay their first liquidation dividend.

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The International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan its Vice Chairperson.

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From Left- NDIC MD/CE, Mr. Bello Hassan briefing the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun

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The immediate past chairman of the Nigeria Deposit Insurance Corporation (NDIC) Dr. AbdulHakeem Abdul Lateef, has said that the corporation is a responsible institution, discharging its mandate according to the law that established it.

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Following the recent review of its Differential Premium Assessment System (DPAS) Framework, the Nigeria Deposit Insurance Corporation (NDIC) has sought input from critical stakeholders towards making the document more robust and all embracing.

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Barring any economic upheavals, the Managing Director, Nigerian Deposit Insurance Corporation (NDIC), Bello Hassan, has said that formal banking system, remains the safest, smartest and most prudent place to save and the only way through which the corporation can protect bank deposits. 

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The Industrial Training Fund (ITF) has conferred the award of “Best Contributing Employer in Human Resources Development” for the 2022 Service Year on the Nigeria Deposit Insurance Corporation (NDIC).

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The Federal Government of Nigeria has approved the appointment of former Lagos State Commissioner for Home Affairs, AbdulHakeem AbdulLateef, as the Board Chairman of Nigeria Deposit Insurance Corporation, NDIC.

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Nigeria Deposit Insurance Corporation (NDIC) has recovered over N8.3 billion unauthorised withdrawals from depositors’ accounts in commercial banks this year.

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Public and private sector stakeholders across the financial services industry have canvassed support for the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly with a view to strengthening the capacity of the Corporation to contribute more effectively and efficiently to the stability of the financial system.

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