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Nigeria Deposit Insurance Corporation (NDIC) on Friday revealed that a limited understanding and the widespread misconception of the Deposit Insurance System (DIS) in Nigeria was largely responsible for the pool of unclaimed deposits following bank closures.
Executive Director (Corporate Services) of NDIC, Mrs Omolola Abiola-Edewor, made this disclosure on Friday while delivering an address at the opening ceremony of the 2020 Sensitisation Seminar for Judges of the Federal High Court in Abuja with the theme: The Challenges to Deposit Insurance Law and Practice in Nigeria.
In a statement issued by Director, Communication & Public Affairs Department, Bashir A. Nuhu, Abiola-Edewor explained the phenomenon had informed the efforts by NDIC to continuously collaborate with the judiciary and other stakeholders in promoting sound knowledge and understanding of the deposit insurance system over the years.
Asian E-Tailing Summit closes
HONG KONG, Dec 14, 2020 – (ACN Newswire) – The fourth Asian E-tailing Summit (AES), organised by the Hong Kong Trade Development (HKTDC), ran successfully online from 9 to 11 December, featuring more than 40 business professionals from e-tailing service giants, online retail platforms and brand representatives. More than 11,000 viewers from 43 countries and regions joined the global live streaming of online webinars and presentations which examined the current business practices of small and medium-sized enterprises (SMEs) and shared global success stories and solutions, helping enterprises capture the opportunities brought by digitisation.
The fourth Asian E-tailing Summit (AES) ran successfully online from 9 to 11 December, featuring more than 40 business professionals from e-tailing service giants, online retail platforms and brand representatives.