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Tag "Bello Hassan"

NDIC to commence sale of closed banks’ assets, refund depositors

    NDIC to commence sale of closed banks’ assets, refund depositors

Following the revocation of licences of some microfinance banks (MFBs) and primary mortgage banks (PMBs) by the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation (NDIC) has assured depositors

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NDIC: We’ve paid N113.2bn to depositors of failed banks

    NDIC: We’ve paid N113.2bn to depositors of failed banks

The Nigeria Deposit Insurance Corporation (NDIC) says it paid the sum of N113.2 billion to depositors of failed banks in June, 2022. Bello Hassan, NDIC managing director made the disclosure

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NDIC: We have enough money to pay depositors of distressed banks

    NDIC: We have enough money to pay depositors of distressed banks

The Nigerian Deposit Insurance Corporation(NDIC) says it will pay depositors whose monies are trapped in 23 distressed banks. Bello Hassan, the corporation’s managing director, made this known on Thursday at

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