NDIC

The Nigeria Deposit Insurance Corporation (NDIC) has started payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. This is contained in a statement on Sunday by Hawwau Gambo, Acting Head,…
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The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December 4, 2024. In a statement on Sunday, Bashir Nuhu, NDIC’s director of communication and public affairs, said the commission has…
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The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Number (BVN) linked alternate accounts of some defunct Heritage Bank customers are delaying the payment of their insured deposits. Mr…
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The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week. READ ALSO: Alleged Corruption: Court orders substituted service on Ganduje,…
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The Nigerian Deposit Insurance Corporation (NDIC) says it will pay a maximum of N5 million to each depositor of Heritage Bank, following its licence revocation. In a notice to depositors on Monday, the NDIC said the stipulated maximum…
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The Nigeria Deposit Insurance Corporation (NDIC) has announced a revision of the Maximum Deposit Insurance Coverage for banks operating within the country. Speaking at a media briefing in Abuja on Thursday, NDIC’s Managing Director,…
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The ongoing CBN-inspired recapitalisation for banks has serious implications for the banking sector, the equity capital market, the Nigeria Deposit Insurance Corporation of Nigeria (NDIC) and Northerners. The recapitaliaation will make…
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The Nigeria Deposit Insurance Corporation (NDIC) will begin the investigation of the directors and officers of the 183 banks whose licenses were revoked earlier this year. The Managing Director of the NDIC, Mr. Bello Hassan, said this at…
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The Nigeria Deposit Insurance Corporation (NDIC) said it has commenced the process to pay all depositors of 182 banks affected by the recent revocation of the licenses by the Central Bank of Nigeria. According to the Corporation, the…
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The Senate on Tuesday confirmed the appointment of AbdulHakeem Mobolaji and six others as members of Governing Board of the Nigerian Deposit Insurance Corporation (NDIC). This followed the adoption of the report of senate Committee on…
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