NDIC – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 07:18:19 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png NDIC – InfoStride News https://www.theinfostride.com 32 32 NDIC Reaffirms Adherence to Fiscal Responsibility Act, Statutory Remittance Obligations https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/ https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/#respond Thu, 19 Mar 2026 07:19:32 +0000 https://www.theinfostride.com/?p=474599 The Nigeria Deposit Insurance Corporation has reaffirmed its full compliance with the Fiscal Responsibility Act and other statutory remittance requirements, dismissing concerns over alleged non-remittance of funds to the appropriate government accounts. The corporation said it operates strictly within the framework of existing financial regulations and remains committed to transparency and accountability in the management [...]

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]]> https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/feed/ 0 Edun Urges NDIC Leadership to Fulfill Mandate of Depositor Protection and Financial Stability https://www.theinfostride.com/edun-urges-ndic-leadership-to-fulfill-mandate-of-depositor-protection-and-financial-stability/ https://www.theinfostride.com/edun-urges-ndic-leadership-to-fulfill-mandate-of-depositor-protection-and-financial-stability/#respond Wed, 24 Dec 2025 11:09:15 +0000 https://www.theinfostride.com/?p=463331 Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the Nigeria Deposit Insurance Corporation (NDIC) to uphold its statutory responsibilities to safeguard depositors and reinforce confidence in the banking system. Addressing management at NDIC headquarters in Lagos, Edun emphasized the strategic importance of diligent performance and proactive risk management in [...]

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]]> https://www.theinfostride.com/edun-urges-ndic-leadership-to-fulfill-mandate-of-depositor-protection-and-financial-stability/feed/ 0 NDIC pushes for stronger partnership with NIESV on valuation of failed bank assets, broader sector reforms https://www.theinfostride.com/ndic-pushes-for-stronger-partnership-with-niesv-on-valuation-of-failed-bank-assets-broader-sector-reforms/ https://www.theinfostride.com/ndic-pushes-for-stronger-partnership-with-niesv-on-valuation-of-failed-bank-assets-broader-sector-reforms/#respond Wed, 03 Dec 2025 15:51:23 +0000 https://www.theinfostride.com/?p=472803 The Nigeria Deposit Insurance Corporation (NDIC) is intensifying efforts to strengthen its collaboration with the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to improve the valuation and management of assets belonging to failed financial institutions across the country. The Corporation said the partnership has become increasingly important as it continues to deal with the [...]

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]]> https://www.theinfostride.com/ndic-pushes-for-stronger-partnership-with-niesv-on-valuation-of-failed-bank-assets-broader-sector-reforms/feed/ 0 NDIC Says 99% of Deposits in Commercial Banks Are Fully Insured https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/ https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/#respond Sat, 04 Oct 2025 10:08:04 +0000 https://www.theinfostride.com/?p=468245 The Nigeria Deposit Insurance Corporation (NDIC) has announced that nearly all depositors in Nigeria’s commercial banks are now fully protected under its expanded deposit insurance scheme. The Managing Director of the Corporation, Mr. Thompson Sunday, disclosed that about 98.98 percent of depositors in commercial banks are covered, marking a significant milestone in efforts to strengthen [...]

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]]> https://www.theinfostride.com/ndic-says-99-of-deposits-in-commercial-banks-are-fully-insured/feed/ 0 NDIC Warns Nigerians Against Rising Wave of Fraudulent Investment Schemes https://www.theinfostride.com/ndic-warns-nigerians-against-rising-wave-of-fraudulent-investment-schemes/ https://www.theinfostride.com/ndic-warns-nigerians-against-rising-wave-of-fraudulent-investment-schemes/#respond Sat, 04 Oct 2025 09:57:51 +0000 https://www.theinfostride.com/?p=468241 The Nigeria Deposit Insurance Corporation (NDIC) has issued a strong warning to the public over the growing number of fraudulent investment schemes targeting unsuspecting Nigerians with promises of unrealistic returns. The corporation cautioned that such schemes, often operating under various deceptive names and business models, have continued to defraud individuals of their hard-earned money despite [...]

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]]> https://www.theinfostride.com/ndic-warns-nigerians-against-rising-wave-of-fraudulent-investment-schemes/feed/ 0 FIRS, NDIC to Spotlight Digital Economy at Finance Summit https://www.theinfostride.com/firs-ndic-to-spotlight-digital-economy-at-finance-summit/ https://www.theinfostride.com/firs-ndic-to-spotlight-digital-economy-at-finance-summit/#respond Tue, 16 Sep 2025 07:41:15 +0000 https://www.theinfostride.com/?p=466676 The Federal Inland Revenue Service (FIRS) and the Nigeria Deposit Insurance Corporation (NDIC) are set to place the spotlight on the country’s rapidly expanding digital economy at the 2025 Finance Correspondents Association of Nigeria (FICAN) summit, a gathering that has become one of the most influential platforms for policy engagement between regulators, financial institutions, and [...]

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]]> https://www.theinfostride.com/firs-ndic-to-spotlight-digital-economy-at-finance-summit/feed/ 0 NDIC Seeks Stakeholder Input to Improve Deposit Insurance Standards https://www.theinfostride.com/ndic-seeks-stakeholder-input-to-improve-deposit-insurance-standards/ https://www.theinfostride.com/ndic-seeks-stakeholder-input-to-improve-deposit-insurance-standards/#respond Wed, 04 Jun 2025 23:59:39 +0000 https://www.theinfostride.com/?p=447810 The Nigeria Deposit Insurance Corporation (NDIC) has issued a call for public and stakeholder feedback on its revised insurance standards, as part of ongoing efforts to strengthen the country’s financial safety net and enhance trust in the banking system. In a statement released this week, the NDIC said it is reviewing its existing guidelines and [...]

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]]> https://www.theinfostride.com/ndic-seeks-stakeholder-input-to-improve-deposit-insurance-standards/feed/ 0 NDIC Assures Customers of Safety of Deposits in Failed Heritage Bank https://www.theinfostride.com/ndic-assures-customers-of-safety-of-deposits-in-failed-heritage-bank/ https://www.theinfostride.com/ndic-assures-customers-of-safety-of-deposits-in-failed-heritage-bank/#respond Mon, 25 Nov 2024 19:24:33 +0000 https://www.theinfostride.com/?p=395657 The Nigeria Deposit Insurance Corporation (NDIC) has assured customers of the defunct Heritage Bank that their deposits remain secure and will be reimbursed in accordance with the country’s deposit insurance framework. The announcement follows the Central Bank of Nigeria’s (CBN) recent revocation of the bank’s operating license due to insolvency issues. NDIC Managing Director, Bello [...]

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]]> https://www.theinfostride.com/ndic-assures-customers-of-safety-of-deposits-in-failed-heritage-bank/feed/ 0 Senate Passes NDIC Bill to Strengthen Bank Depositor Protections https://www.theinfostride.com/senate-passes-ndic-bill-to-strengthen-bank-depositor-protections/ https://www.theinfostride.com/senate-passes-ndic-bill-to-strengthen-bank-depositor-protections/#respond Wed, 30 Oct 2024 21:40:31 +0000 https://www.theinfostride.com/?p=392740 In a move aimed at enhancing the safety and confidence of Nigerian bank depositors, the Senate has passed a significant bill to bolster the Nigeria Deposit Insurance Corporation (NDIC) in protecting depositors’ funds. The revised NDIC Act grants the agency greater regulatory powers to safeguard deposits and improve financial stability in the banking sector. This [...]

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]]> https://www.theinfostride.com/senate-passes-ndic-bill-to-strengthen-bank-depositor-protections/feed/ 0 Big Banks Under Scrutiny: Senate Holds Hearing on CBN, NDIC Act Changes https://www.theinfostride.com/big-banks-under-scrutiny-senate-holds-hearing-on-cbn-ndic-act-changes/ https://www.theinfostride.com/big-banks-under-scrutiny-senate-holds-hearing-on-cbn-ndic-act-changes/#respond Tue, 28 May 2024 17:17:45 +0000 https://www.theinfostride.com/?p=379241 The Senate Committee on Banking, Insurance, and Financial Institutions is set to convene a Public Hearing on Thursday to discuss proposed amendments to the Central Bank of Nigeria (CBN) Act and the Nigeria Deposit Insurance Corporation (NDIC) Act. According to an announcement by Ogunrinde Tinuke, the Committee’s clerk, the hearing aims to gather input on [...]

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]]> https://www.theinfostride.com/big-banks-under-scrutiny-senate-holds-hearing-on-cbn-ndic-act-changes/feed/ 0 CIBN Urges Improved Monitoring of Banks, Calls on NDIC https://www.theinfostride.com/cibn-urges-improved-monitoring-of-banks-calls-on-ndic/ https://www.theinfostride.com/cibn-urges-improved-monitoring-of-banks-calls-on-ndic/#respond Wed, 14 Feb 2024 22:40:05 +0000 https://www.theinfostride.com/?p=370484 The Chartered Institute of Bankers of Nigeria (CIBN) has reportedly called for enhanced monitoring of banks and has urged the Nigeria Deposit Insurance Corporation (NDIC) to play a proactive role in safeguarding the stability of the banking sector. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specific [...]

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]]> https://www.theinfostride.com/cibn-urges-improved-monitoring-of-banks-calls-on-ndic/feed/ 0 NDIC Highlights Barriers to Swift Deposit Insurance Payouts https://www.theinfostride.com/ndic-highlights-barriers-to-swift-deposit-insurance-payouts/ https://www.theinfostride.com/ndic-highlights-barriers-to-swift-deposit-insurance-payouts/#respond Wed, 20 Dec 2023 20:22:02 +0000 https://www.theinfostride.com/?p=364960 Infostride News recently reported on the challenges faced by the Nigeria Deposit Insurance Corporation (NDIC) in ensuring the prompt and accurate reimbursement of deposit insurance payouts to failed bank depositors. In a presentation at an Editors Forum in Ikeja, Lagos, Dr. Kabir S. Katata, the Director of the Policy and International Relations Department of NDIC, [...]

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]]> https://www.theinfostride.com/ndic-highlights-barriers-to-swift-deposit-insurance-payouts/feed/ 0 NDIC Set to Disburse N16.18 Billion Liquidation Dividend to Depositors of 20 Failed Banks https://www.theinfostride.com/ndic-set-to-disburse-n16-18-billion-liquidation-dividend-to-depositors-of-20-failed-banks/ https://www.theinfostride.com/ndic-set-to-disburse-n16-18-billion-liquidation-dividend-to-depositors-of-20-failed-banks/#respond Mon, 11 Dec 2023 09:23:28 +0000 https://www.theinfostride.com/?p=363887 In a recent announcement, the Nigeria Deposit Insurance Corporation (NDIC) has expressed its preparedness to initiate full liquidation dividend payments amounting to N16.18 billion for depositors affected by the closure of 20 failed banks. This disclosure was made by Mr. Bello Hassan, the Managing Director of NDIC, during the NDIC Day at the 44th Kano [...]

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]]> https://www.theinfostride.com/ndic-set-to-disburse-n16-18-billion-liquidation-dividend-to-depositors-of-20-failed-banks/feed/ 0 Debt Dilemma: Liquidated Bank Customers Unwilling to Repay N400 Billion, Says NDIC https://www.theinfostride.com/debt-dilemma-liquidated-bank-customers-unwilling-to-repay-n400-billion-says-ndic/ https://www.theinfostride.com/debt-dilemma-liquidated-bank-customers-unwilling-to-repay-n400-billion-says-ndic/#respond Wed, 29 Nov 2023 20:21:41 +0000 https://www.theinfostride.com/?p=362649 InfoStride News reports that the Nigeria Deposit Insurance Corporation (NDIC) is actively pursuing the recovery of over N400 billion from debtors of liquidated banks who are reluctant to repay their debts. In his opening remarks at the 2023 NDIC Workshop for Finance Correspondents in Owerri, Imo State, Mr. Bello Hassan, the Managing Director and Chief [...]

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]]> https://www.theinfostride.com/debt-dilemma-liquidated-bank-customers-unwilling-to-repay-n400-billion-says-ndic/feed/ 0 NDIC Forecasts Payout of N61.63 Billion to Depositors from 20 Collapsed Banks https://www.theinfostride.com/ndic-forecasts-payout-of-n61-63-billion-to-depositors-from-20-collapsed-banks/ https://www.theinfostride.com/ndic-forecasts-payout-of-n61-63-billion-to-depositors-from-20-collapsed-banks/#respond Tue, 14 Nov 2023 18:02:47 +0000 https://www.theinfostride.com/?p=360517 Depositors, creditors, and shareholders of 20 liquidated banks are on the verge of receiving a substantial windfall, with a projected total of approximately N61.63 billion earmarked as paid liquidation dividends. As of July 2023, the Nigeria Deposit Insurance Corporation (NDIC), according to a statement obtained by Infostride News, has disbursed about N45.45 billion, leaving an [...]

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]]> https://www.theinfostride.com/ndic-forecasts-payout-of-n61-63-billion-to-depositors-from-20-collapsed-banks/feed/ 0 Here are 5 potential threats to African economy- NDIC https://www.theinfostride.com/here-are-5-potential-threats-to-african-economy-ndic/ https://www.theinfostride.com/here-are-5-potential-threats-to-african-economy-ndic/#respond Wed, 05 Oct 2022 23:31:45 +0000 https://www.theinfostride.com/?p=333683  Mr. Bello Hassan, the MD/CEO of the Nigerian Deposit Insurance Corporation has outlined potential threats faced by the Nigerian economy.   He outlined the threats while Speaking at the ongoing Technical Assistance Workshop of the International Association of Deposit Insurers (IADI). Assistance Workshop in Abuja.   According to him, the potential threats at present, include the Russia-Ukraine [...]

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]]> https://www.theinfostride.com/here-are-5-potential-threats-to-african-economy-ndic/feed/ 0 NDIC to pay N11bn to over 500,000 depositors of liquidated banks https://www.theinfostride.com/ndic-to-pay-n11bn-to-over-500000-depositors-of-liquidated-banks/ https://www.theinfostride.com/ndic-to-pay-n11bn-to-over-500000-depositors-of-liquidated-banks/#respond Sun, 12 Dec 2021 14:59:12 +0000 https://www.theinfostride.com/?p=314503 The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has established that the Corporation has paid a cumulative of N101.76 billion to over 535, 815 insured depositors of liquidated banks. Hassan, who was represented by the Zonal Director, Shehu Usman, at the NDIC special day at the 42nd Kano International Trade Fair, said [...]

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]]> https://www.theinfostride.com/ndic-to-pay-n11bn-to-over-500000-depositors-of-liquidated-banks/feed/ 0 Over 97% of depositors at deposit money banks are covered by the NDIC https://www.theinfostride.com/over-97-of-depositors-at-deposit-money-banks-are-covered-by-the-ndic/ https://www.theinfostride.com/over-97-of-depositors-at-deposit-money-banks-are-covered-by-the-ndic/#respond Mon, 22 Nov 2021 22:34:15 +0000 https://www.theinfostride.com/?p=313360 The Nigeria Deposit Insurance Corporation (NDIC) established that over 97% of depositors at deposit money banks (DMBs) in the country would be completely protected by the N500,000 Maximum Insured Limit. The Managing Director/ Chief Executive Officer of the Nigeria Deposit Insurance Corporation, NDIC, Mr Bello Hassan stated this during the 2021 Finance Correspondents and Business [...]

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