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    Kapital FM 92.9 The Station that Rocks!

NDIC

15 Results / Page 1 of 2
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Business

NDIC, EFCC Reinforce Alliance To Enhance Asset Recovery, Banking Sector Stability ‎ ‎

The Nigeria Deposit Insurance Corporation, NDIC, has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission, EFCC, to enhance the recovery of assets and debts of failed banks, as well as the investigation and prosecution of individuals whose actions contribute to bank failures. ‎ ‎The Managing Director and Chief Executive of the NDIC, Mr. Thompson Oludare Sunday, disclosed this during a courtesy visit by the Management […]

todayJanuary 25, 2026

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Economics

‎NDIC Begins Liquidation Of Aso Savings and Loans, Union Homes

‎The Nigeria Deposit Insurance Corporation, NDIC, has commenced the liquidation process of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc following the revocation of their operating licences by the Central Bank of Nigeria, CBN. The licences were withdrawn on December 15, 2025, after which the NDIC was appointed as liquidator in line with the provisions of the Banks and Other Financial Institutions Act, BOFIA 2020. ‎ […]

todayDecember 16, 2025

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Economics

‎NDIC, CIBN Strengthen Collaboration To Tackle Emerging Risks In Banking Sector

The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation, NDIC, Mr. Thompson Sunday, has called for stronger collaboration between the Corporation and the Chartered Institute of Bankers of Nigeria, CIBN, to address emerging risks in the nation’s banking sector. ‎ ‎A statement from the NDIC disclosed that Mr. Sunday made the call when the President and Chairman of the CIBN Council, Prof. Pius Olanrewaju, led a delegation […]

todayOctober 10, 2025

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Economy

CBN, NDIC Pledge Deeper Collaboration To Safeguard Financial System

  The Governor, Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, has congratulated the newly appointed Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, NDIC, Mr. Thompson Sunday and the Executive Director Operations, Dr. Kabir Katata, on their appointments. The CBN Governor expressed optimism for stronger collaboration between the two institutions during a courtesy visit by the NDIC management team to the CBN headquarters in Abuja. Cardoso described […]

todayAugust 7, 2025

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National

NDIC Emerges Overall Best At 2024 FPS Innovation Competition

The Nigeria Deposit Insurance Corporation, NDIC, has emerged as both overall winner and third runner up out of 155 competing entries from across Ministries, Departments, and Agencies, MDAs, at the just concluded 2025 Federal Public Service Innovation Competition. This remarkable achievement was announced by the Head of the Civil Service of the Federation(HOSF), Mrs. Didi Walson-Jack, during the award ceremony held in Abuja on Tuesday, April 29. Speaking at the […]

todayApril 30, 2025

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Business

BIPC Sues NDIC, Demands N8.6bn

BIPC sues NDIC one other over illegal sell of shares, demands over N8. 6bn The Benue Investment and Property Company (BIPC) has dragged the Nigeria Deposit Insurance Corporation (NDIC) and All States Trust Bank(in-liquidation) before the Federal High Court Makurdi, over illegal sell of shares. Our correspondent reports that the case which started in 2011, at some point could not continue because NDIC requested for out of court settlement and […]

todayJanuary 30, 2025

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Featured

NDIC Commences Payment To Depositors Of Liquidited Heritage Bank

  The Nigerian Deposit Insurance Corporation, NDIC, says it will commence payments to depositors of Heritage Bank whose license was revoked. The Managing Director of NDIC, Mr. Bello Hassan, stated this during a news briefing in Abuja. Mr Bello while outlining the processes of repayment, explained that the corporation would not take 30 days as stipulated by law, but would settle customers within one week. He noted that preliminary findings […]

todayJune 5, 2024

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National

NDIC, EFCC Strengthen Partnership To Curb Financial Crimes

The Nigeria Deposit Insurance Corporation, NDIC, says it remains committed to ensuring that those who contribute to the failure of banks are properly investigated and prosecuted. Managing Director and Chief Executive of NDIC, Mr. Bello Hassan stated this during a courtesy visit by the NDIC Management to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede at the EFCC Headquarters in Abuja. Mr. Hassan explained […]

todayMarch 24, 2024

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National

Youth Devt Minister Lauds NDIC For Depositor Protection

The Minister of State for Youth Development, Mr. Ayodele Olawande, has commended the Nigeria Deposit Insurance Corporation, NDIC, for its significant achievements in safeguarding depositors from the adverse impacts of bank failures. He praised NDIC for consistently supporting the Central Bank of Nigeria in overseeing the banking sector and contributing to the stability of the nation’s financial system. The Minister gave the commendation during a courtesy visit to the Management […]

todayMarch 4, 2024