Adeleke, who delivered a paper on “Refocusing Banking Supervision in Nigeria in an Era of Economic Recession”, said that it was imperative for the country to do the needful to come out of recession
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The 52-day long training programme is in line with the existing collaboration between the NDIC and the EFCC towards enhancing the capacity of the EFCC’s staff
The Managing Director of the Corporation, Alhaji Umaru Ibrahim, made the call on Wednesday in Kano at NDIC’s Special Day at the ongoing 37th Kano International Trade Fair
Birchi said the approval was granted by the Minister of Finance, Kemi Adeosun, in a letter dated August 4.
He said the letter emphasised the need for the Corporation to ensure that all the DMBs, PMBs and MFBs strictly adhered to sound risk management practices
The statement stated that the regulator also got approval for the extension of differential premium assessment system to the PMBs
He called for strict compliance with the existing code of conduct and a review of the existing laws and regulations to provide stiffer penalties for Directors who take advantage of their positions and failed to pay back their loans
It said: “The NDIC paid liquidation dividends to creditors of DMBs-in-liquidation in 2015 while the sum of N1,728.40 million was declared as dividends to 1,308 creditors of the ten DMBs
The document, however, noted that total deposit liabilities declined by 2.83 per cent, while unaudited profits decreased by 2.02 per cent.
In the period under review, the document showed that non-performing loans increased by 82.87 per cent.
It explained that the Fiscal Responsibility Commission had commended the corporation on its effort to make the payment, saying this was in accordance with ministerial circular on Internally Generated Revenue
The Zonal Controller of the Nigeria Deposit Insurance Corporation, Bauchi Zonal Office, Emmanuel Vontau, gave this charge in Jos, the Plateau State capital, over the weekend at the maiden edition of the Annual General Meeting of Light Microfinance Bank Limited
The News Agency of Nigeria reports that Adamawa State corps members are currently holding their orientation in Taraba State due to the activities of insurgents in their state of posting
The NDIC Managing Director, Alhaji Umar Ibrahim, said this during an oversight visit by members of the House Committee on Banking and Currency to the corporation’s office in Lagos
Managing Director and Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, has emerged the ‘Telecom CEO of The Year’ at the Nigerian Telecoms Award 2014 held on Saturday 20th September in Lagos.
It said although it was within its purview to supervise insured deposits-taking financial institutions, but the liquidation of insurance companies does not fall under the powers of the corporation
“The essence of the review of the enabling Act is to enable the corporation carry out its mandate effectively and efficiently,” Ibrahim said
The Managing Director of NDIC, Alhaji Umaru Ibrahim, said this while opening a three-day 2014 Bank Examiners’ Conference on Friday in Lagos
The National President of ASSBIFI, Olusoji Salako, told the News Agency of Nigeria in Lagos that the report indicated that the level of fraud in banks was high
The report noted that in terms of level of soundness, 10 banks were rated sound, nine satisfactory and only one was rated marginal