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Following the revocation of the banking licence of Heritage Bank Plc by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has commenced liquidation process of the bank with immediate verification and payment of insured deposits to the bank depositors. In a statement on Monday, the Director…
By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has sustained its fight against corruption by setting up a unit to adequately deal with the menace. Speaking at the inauguration in Abuja on Tuesday, the Managing Director, Mr Bello Hassan said, “The Nigeria Deposit Insurance Corporation (NDIC) has a culture of zero tolerance for
By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has reacted to recent media reports to the effect that it has liquidated 20 additional banks, saying such reports were misleading. The Corporation which made the clarification in a statement by Bashir A. Nuhu Director of Communication & Public Affairs on Monday explained that the
The Nigeria Deposit Insurance Corporation (NDIC) has once again demonstrated its unwavering commitment to high ethical standards and compliance with