News

NDIC Calls On EFCC to Refund Recovered Money

In a recent meeting between the Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC), NDIC Managing Director Bello Hassan urged the EFCC to return funds it had recovered on behalf of NDIC. The meeting, attended by EFCC Executive Chairman Ola Olukoyede, focused on enhancing collaboration in recovering depositors’ funds lost […]

Economy

CBN Reveals 20 Nigerian Banks Liquidated, According To NDIC

The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three primary mortgage banks. According to the CEO of NDIC, Bello Hassan, this followed the recent revocation of some MFBs and PMBs licences by the Central Bank of Nigeria (CBN), revealing that the payments of the […]