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2023 FINANCIAL LITERACY DAY (FLD)
Every year, the NDIC hosts Financial Literacy Day Programs in Government Secondary Schools across the Country. This year’s theme: “Plan your money, plan your future” aims to encourage students to practice good savings habits.
NOTICE TO DEPOSITORS OF FORTUNE INTERNATIONAL BANK & IDUMUJE MFB (IN-LIQUIDATION)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Fortune International Bank and Idumuje MFB (in-liquidation), is in the process of carrying out verification of depositors of the above-named banks to effect…
NDIC ADDRESSES ALLEGATIONS OF FINANCIAL IMPROPRIETY INVOLVING STAFF MEMBER
The attention of the Management of the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to the media report by the Peoples’ Gazette and Sahara Reporters regarding allegations of financial impropriety involving one of our…
NDIC SEEKS STAKEHOLDERS’ INPUTS TOWARDS ROBUST DIFFERENTIAL PREMIUM ASSESSMENT SYSTEM FRAMEWORK
Following the recent review of its Differential Premium Assessment System (DPAS) Framework, the Nigeria Deposit Insurance Corporation (NDIC) has sought input from critical stakeholders towards making the document more robust and all embracing. In a…
MD/CE NDIC RECEIVES A PLAQUE FROM THE DIRECTOR GENERAL/CEO OF THE MICHAEL IMOUDU NATIONAL INSTITUTE FOR LABOUR STUDIES
MD/CE Nigeria Deposit Insurance Corporation (NDIC) Bello Hassan(Left) receives a plaque from the Director General/CEO of the Michael Imoudu National Institute for Labour Studies (MINLS) Comrade Issa Aremu mni (Right) during his conferment as a…
NOTIFICATION ON THE EXPOSURE DRAFT OF THE REVISED FRAMEWORK FOR DPAS IN NDIC
Click here to view the exposure draft of the revised framework.
REQUEST FOR EXPRESSION OF INTEREST FOR THE ACQUISITION OF ELECTRONIC DOCUMENT MANAGEMENT SYSTEM (EDMS) FOR NDIC
1.0 INTRODUCTION The Nigeria Deposit Insurance Corporation (NDIC) is seeking to identify and select a reputable company with good track record of performance for the acquisition of electronic document management system (EDMS) for the Corporation…
NOTICE TO DEPOSITORS OF 179 RECENTLY CLOSED MICROFINANCE BANKS (MFBs) AND FOUR PRIMARY MORTGAGE BANKS (PMBs)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the under listed 179 Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs) which licenses were recently revoked by the Central Bank of Nigeria (CBN),…
NDIC ASSURES SPEEDY PAYMENT OF CLAIMS TO DEPOSITORS OF CLOSED MFBs AND PMBs
Following the revocation of licenses of 179 Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs) by the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the closed…
NDIC LAUDS JUDICIARY, SOLICITORS ON DILIGENT PROSECUTION OF FAILED BANK CASES
The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases…
NOTICE TO DEPOSITORS OF PEAK MERCHANT BANK (IN-LIQUIDATION)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Peak Merchant Bank (in-liquidation) is in the process of carrying out verification of the depositors of above named bank in-liquidation to effect payment…
The NDIC has emerged 2nd and 5th at the third edition of the FG’s National Service Innovation Competition during its first outing
The NDIC has emerged 2nd and 5th at the third edition of the FG’s National Service Innovation Competition during its first outing. The Corporation’s entries Presentli and SafeZone came Second and Fifth respectively bagging the…
NDIC EMERGES ITF 2022 BEST CONTRIBUTING EMPLOYER IN HUMAN RESOURCES DEVELOPMENT
The Industrial Training Fund (ITF) has conferred the award of “Best Contributing Employer in Human Resources Development” for the 2022 Service Year on the Nigeria Deposit Insurance Corporation (NDIC). The award was presented to the…
INVITATION TO TENDER FOR THE SUPPLY AND INSTALLATION OF HYPER CONVERGENCE INFRASTRUCTURE (HCI) FOR THE CORPORATION
1.0 INTRODUCTIONThe Nigeria Deposit Insurance Corporation (NDIC) is seeking to identify and select a reputable company with good track record of performance for the Supply and Installation of Hyper Convergence Infrastructure (HCI) for the Corporation…
INVITATION TO TENDER FOR THE SUPPLY AND INSTALLATION OF HELPDESK SOFTWARE FOR THE CORPORATION (NDIC)
1.0 INTRODUCTIONThe Nigeria Deposit Insurance Corporation (NDIC) wishes to invite reputable and competent Companies with good track record of performance and experience to tender for the Supply and Installation of Helpdesk Software for the Corporation. 2.0…
STAKEHOLDERS CANVASS SUPPORT FOR NDIC ACT AMENDMENT BILL
Public and private sector stakeholders across the financial services industry have canvassed support for the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly with a view to strengthening the…
NDIC receives the Bureau for Public Service Reform (BPSR) award for Ranking 3rd place in the Federal Government Scorecard for websites of Ministries, Departments, and Agencies (MDAs) category
The Nigeria Deposit Insurance Corporation (NDIC) was presented with the Bureau for Public Service Reform (BPS) award for Ranking 3rd place in the Federal Government Scorecard for websites of Ministries, Departments, and Agencies (MDAs) category.…
NDIC CRITICAL TO FINANCIAL INCLUSION ACHIEVEMENTS SHOWCASED AT INTERNATIONAL FINANCIAL INCLUSION CONFERENCE 2022
The Corporation has also been at the forefront of the implementation of the NFIS in Nigeria as a member of the National Financial Inclusion Governance Committee headed by the Central Bank of Nigeria (CBN). The…
NOTICE TO DEPOSITORS OF POST SERVICE SAVINGS & LOANS (IN-LIQUIDATION)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Post Service Savings & Loans (in-liquidation), is in the process of carrying out verification of the depositors of Post Service Savings & Loans…
SALE OF ASSETS OF SOME CLOSED BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Deposit Money Banks (DMBs), Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs), hereby invites interested members of the general public to buy…
GOODWILL ADDRESS BY THE CHAIRMAN AT IADI-ARC WORKSHOP
The Honourable Minister of Finance, Budget and National Planning The Governor, Central Bank of Nigeria The Secretary General, International Association of Deposit Insurers The Chairperson, Africa Regional Committee (ARC) of IADI The Managing Director and…
WELCOME ADDRESS BY MD/CEO AT IADI-ARC WORKSHOP
The Honourable Minister of Finance, Budget and National PlanningThe Governor, Central Bank of NigeriaThe Chairman, Senate Committee on Banking, Insurance and Other Financial InstitutionsThe Chairman, House Committee on Insurance and Actuarial MattersThe Secretary General, International…
NDIC LEADS AFRICA TO HOST REGIONAL DEPOSIT INSURANCE LEADERS TO STRENTHEN OPERATIONAL RESILIENCE
The Nigeria Deposit Insurance Corporation (NDIC) is scheduled to host a regional workshop in Abuja, Nigeria bringing together leaders of African Deposit Insurance Agencies to share knowledge and expertise to strengthen the implementation of deposit…
NDIC CLINCHES FEDERAL GOVERNMENT PLATINUM LEVEL AWARD FOR OUTSTANDING PERFORMANCE IN CORPORATE GOVERNANCE AND SERVICE DELIVERY
The Nigeria Deposit Insurance Corporation (NDIC) has been presented with the Federal Government Level Five (5) Platinum Level award for outstanding performance in corporate governance and accountability by the Bureau of Public Service Reforms (BPSR).…
EXPRESSION OF INTEREST (EOI) FOR THE DEVELOPMENT OF BUILDING MANAGEMENT SYSTEM (BMS) AT THE NDIC HEAD OFFICE.
1.0 INTRODUCTION The Nigeria Deposit Insurance Corporation (NDIC) hereby request reputable and competent firms with good track records of performance and experience to submit Expression of Interest (EOI) for the Development of Building Management System…
INVITATION TO TENDER FOR THE PROVISION OF UNINTERRUPTED POWER SUPPLY TO LIGHTENING CIRCUIT.
INTRODUCTION The Nigeria Deposit Insurance Corporation (NDIC) hereby request reputable and competent Companies with good track records of performance and experience to tender for the Provision of uninterrupted power supply to Lightening Circuit at…
NOTICE TO DEPOSITORS AND EX-STAFF OF EUROBANC SAVINGS & LOANS, GRACEFIELD MFB AND OKPORO MFB (IN-LIQUIDATION)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the underlisted banks in-Liquidation, is in the process of paying insured and uninsured deposits as well as liquidation dividends to Depositors and Ex-staff of the…
FINAL NOTICE TO DEPOSITORS OF TWENTY (20) BANKS (IN-LIQUIDATION)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the underlisted defunct banks (in-liquidation), hereby notify the general public of the final call for dividend declaration to Depositors of these banks. Depositors who do…
INVESTMENT WITH FUND MANAGERS NOT COVERED BY THE NDIC
With the recent increase in investment channels arising from innovative products, there has been an increase in illegal fund managers who have been using different platforms soliciting public to invest their funds with them, promising…
NDIC SEEKS COLLABORATION WITH ICPC, OTHERS ON NATIONAL ANTI-CORRUPTION STRATEGY
The Chairman of the Nigeria Deposit Insurance Corporation (NDIC) Board, Mrs Ronke Sokefun has called for stronger collaboration on the implementation of the National Anti-Corruption Strategy (NACS) towards strengthening the fight against corruption in the…
NOTICE TO DEPOSITORS OF RECENTLY CLOSED MFBS
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the underlisted defunct Microfinance Banks (MFBs) whose licences were revoked, is in the process of paying insured Depositors; LIST OF MFBS S/N NAME OF MFBs…
NDIC to deploy single customer view platform to MFBs to fast track depositor reimbursement
The Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to microfinance banks (MFBs) to eliminate delays often experienced in reimbursing depositors following revocation of failed…
Re: Purported Recruitment Exercise by the NDIC
The attention of the Management of Nigeria Deposit Insurance Corporation (NDIC) has been drawn to a fake recruitment website ( www.recruitmentbeam.com.ng/ndic-recruitment) with the subject: “NDIC Recruitment 2022/2023 Application Form Portal.” The website claims that…
IWD: “Do more to bring women to the table” – NDIC Chair charges women in leadership
The Board Chairman of the Nigeria Deposit Insurance Corporation (NDIC), Mrs Ronke Sokefun has stressed the need for women in leadership positions to encourage more women to join the table to ensure the number of…
Investiture of NDIC’s MD/CE as Honorary Fellow of Chartered Institute of Bankers Of Nigeria (CIBN)
MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan (middle) receiving his Certificate of Honorary Fellowship of the Chartered Institute of Bankers of Nigeria (CIBN) from the President and Chairman of Council, Dr Bayo Olugbemi, FCIB (left) while Special Guest of Honour and former Minister of National Planning, Dr Shamsudeen Usman, watches at the ceremony…
NDIC Business Continuity Management Policy
The Nigeria Deposit Insurance Corporation (NDIC) commenced the formal implementation of the Business Continuity Management (BCM) Framework which is consistent with the requirements of ISO 22301 International Standard since 2015. The overall objective is to…
NDIC conducts 2021 FICAN Workshop in Gombe.
MD/CE NDIC, Bello Hassan (2nd left) presenting NDIC research publications to the Executive Governor of Gombe State, HE, Alh. Muhammad Inuwa Yahaya (3rd left) while Director, Communication & Public Affairs NDIC, Bashir A. Nuhu (1st left); Chief of Staff to Gombe State Governor, Alh. Abubakar Inuwa Kari (4th left); Executive Director, Operations, NDIC, Mustapha Mohammed…
THE NDIC JOINS ALAKE OF EGBALAND TO CELEBRATE INTERNATIONAL SENIOR CITIZENS DAY
The Nigeria Deposit Insurance Corporation (NDIC) has been consistent in its Corporate Social Responsibility at the grassroots which has impacted positively on the lives of the people and communities it serves. This formed part of…
EFCC Chairman visits NDIC
L-R Executive Director (Corporate Services) NDIC, Hon. (Mrs.) Omolola Abiola Edewor; Chairman EFCC, Abdulrashid Bawa; MD/CEO NDIC, Bello Hassan and Executive Director (Operation) NDIC, Mustapha Mohammed Ibrahim, during a courtesy call to the NDIC Senior Management in Abuja by the Chairman EFCC L-R Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan explaining a…
“GREATER COLLABORATION WITH MEDIA CRITICAL TO ADDRESSING CHALLENGES IN REPORTAGE” – NDIC BOSS
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan stressed the need for the media to ensure accurate and factual coverage of the banking industry especially in terms of reporting…
NDIC MD/CE attends Senate retreat on Financial System Stability
L –R: Chairman Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani and Managing Director/CE NDIC, Bello Hassan during the 2021 Senate Retreat with the Theme: “Financial System Stability: A Panacea for Sustainable Economic Growth and Development – The Role of NDIC” at Bafra Hotel in Kaduna over the weekend.
NDIC Boss Calls for Inclusion of Deposit Insurance Courses in ICAN Programs
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has called on the Institute of Chartered Accountants of Nigeria (ICAN) to include courses on the deposit insurance system (DIS) into…
NDIC to partner BPSR in enhancing innovation in service delivery
PRESS RELEASE The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has expressed the readiness of the Corporation to partner with the Bureau of Public Service Reforms (BPSR) towards…
GENERAL PROCUREMENT NOTICE (GPN)
The Nigeria Deposit Insurance Corporation (NDIC) wishes to bring to the notice of interested, competent and reputable contractors/suppliers and service providers that the Corporation would carry out procurement of the under-listed works, goods and services…
NOTICE TO DEPOSITORS OF RECENTLY CLOSED MICROFINANCE BANKS (MFBS)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the under listed defunct Microfinance banks (MFBs) whose licences were revoked, is in the process of paying the Insured Depositors. LIST OF MICROFINANCE BANKS 1.…
NOTICE TO PAY LIQUIDATION DIVIDENDS TO STAKEHOLDERS OF SOME CLOSED BANKS
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the under listed defunct Banks (in-liquidation), is in the process of paying liquidation dividends to various stakeholders as tabulated below: S/N BANKS STAKEHOLDER LOCATION 1.…
NDIC COMMENCES PAYMENT OF LIQUIDATION DIVIDENDS TO DEPOSITORS, OTHER STAKEHOLDERS IN 14 CLOSED BANKS
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation. In a release by the Director, Communication and Public…
SALE OF ASSETS OF CLOSED MICRO FINANCE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Micro finance banks (MFBs), hereby invites interested members of the general public to buy the assets (furniture ,fixture, fittings, equipment,…
INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR THE PHYSICAL ARCHIVING OF FAILED BANKS DOCUMENTS IN LAGOS
1.0 INTRODUCTION The Nigeria Deposit Insurance Corporation (NDIC) hereby request reputable and competent firms with good track records of performance and experience to submit Expression of Interest (EOI) for the Physical Archiving of Failed Banks…
2021 Retreat for House of Representatives Committee on Insurance and Actuarial Matters
L-R: Member, NDIC Board, Adewale Adeleke; MD/CEO, Bello Hassan; Chairman House Committee on Insurance and Actuarial Matters, Hon. Darlington Nwokocha; Deputy Chairman, Hon. Ahmadu Jahar; ED/CS NDIC, Hon. Omolola Abiola Edewor and ED-OPs, Mustapha M.…
CLOSED BANKS’ ASSETS REALISATION: NDIC SEEKS FCT MINISTRY’S SUPPORT
The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of the Federal Capital Territory (FCT) in the realisation of landed properties of banks in-liquidation within the FCT to enable it pay…
NDIC AND CIBN STRENGTHEN COLLABORATION TO IMPROVE PROFESSIONALISM IN BANKING INDUSTRY
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment of sound…
NDIC Boss Charges ICAN Member Auditors on Accuracy, Integrity
PRESS RELEASE In order to earn public confidence and respect within the financial services industry, professional auditors who are members of the Institute of Chartered Accountants of Nigeria (ICAN) must uphold the core values of…
New NDIC MD/CE and ED, Operations Resume Duty
The new NDIC MD/CE, Mr. Bello Hassan (right) and NDIC Executive Director Operations, Mr. M. M. Ibrahim (left) resumed duty and were welcomed by the NDIC Executive Director Corporate Services, Hon. Mrs. Omolola Abiola-Edewor (middle).
SENATE CONFIRMS HASSAN, IBRAHIM AS NDIC’S MD/CE, ED
The Senate today confirmed the nomination of Messrs Bello Hassan and Mustapha Mohammed Ibrahim as Managing Director/Chief Executive and Executive Director (Operations) of the Nigeria Deposit Insurance Corporation (NDIC) respectively. Presenting the report on screening…
Senate screening of MD/CE and ED(OPs) nominees at the National Assembly
L – R Special Assistant to the President on National Assembly Matters, Senator Babajide Omoworare; NDIC MD/CE Nominee, Hassan Bello; and ED (OPs) Nominee, Mohammed Mustapha Ibrahim appearing before the Senate Committee on Banking, Insurance and other Financial Institutions for screening yesterday.
NDIC begins verification of depositors of 42 failed MFBs
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) which operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors. This…
WHY POOL OF DEPOSITS IN CLOSED BANKS REMAIN UNCLAIMED
The Nigeria Deposit Insurance Corporation (NDIC) has stated that a limited understanding and the widespread misconception of the Deposit Insurance System (DIS) in Nigeria was largely responsible for the pool of unclaimed deposits following bank…
NOTICE OF CLOSURE OF 42 MICROFINANCE BANKS (MFBs)
This is to inform the depositors, creditors, shareholders and the general public that the operating licenses of the under listed Forty-Two (42) Microfinance Banks (MFBs) have been revoked by the Central Bank of Nigeria (CBN)…
NDIC MD/CE BOWS OUT AFTER SUCCESSFUL TWO TERMS IN OFFICE
The Nigeria Deposit Insurance Corporation (NDIC), hereby informs the general public that effective from the 8th of December, 2020, Umaru Ibrahim, its Managing Director/Chief Executive, will formally disengage from service having successfully completed two terms…
NDIC RATED THE BEST PARASTAL UNDER LEADERSHIP OF OUTGOING MD/CE UMARU IBRAHIM
The Nigeria Deposit Insurance Corporation (NDIC) has been described as the best parastatal in the country under the leadership of the Corporation’s outgoing MD/CE Umaru Ibrahim. The former Permanent Secretary, Ministry of Finance, Dr. Mahmoud…
HIGHLIGHTS OF THE 2020 INTERNATIONAL VIRTUAL CONFERENCE HOSTED BY THE NDIC
The Nigeria Deposit Insurance Corporation (NDIC) held its 2020 International Conference with the theme: ‘Financial System Stability, Fintech & Emerging Risks: Challenges for Bank Supervisors’ between 22nd and 23rd, October 2020. The Conference which was…
INTERNATIONAL BODY LAUDS NDIC ON THE ESTABLISHMENT OF AFRICAN CENTER FOR DEPOSIT INSURANCE
The International Association of Deposit Insurers (IADI) have commended the Nigeria Deposit Insurance Corporation (NDIC) for proposing the establishment of the African Center for Deposit Insurance (ACDI) to be domiciled in the NDIC Academy, Abuja…
Notice To Depositors Of Post Service Homes Savings and Loans Limited (In –Liquidation)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Post Service Homes Savings and Loans Ltd whose licence was revoked, is in the process of paying insured sums to the depositors of…
Notice to Depositors of FEMAZ Microfinance Bank (In –Liquidation)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of FEMAZ Microfinance Bank (in-Liquidation) is in the process of paying insured sums to the depositors of the closed bank. By this notice, all depositors of the…
Non-interest Bank Stakeholders Call For Closer Monitoring Of Impact Of Covid-19 On the Financial System During NDIC Webinar
PRESS RELEASE The implementation of effective fiscal and monetary policy measures is critical towards addressing the unexpected impact of the Covid-19 pandemic on the Financial System. The Managing Director/Chief Executive of the Nigeria Deposit Insurance…
How NDIC Intervened In Fortis Microfinance Bank
PRESS RELEASE Contrary to misleading reports, the Nigeria Deposit Insurance Corporation (NDIC) has adhered to statutory guidelines on the distress resolution and liquidation of Fortis Microfinance Bank (MFB) Plc. and the protection of interest of…
Notice to Shareholders of Continental Merchant Bank (In-liquidation)
IN THE MATTER OF THE COMPANIES AND ALLIED MATTERS ACT 1990NOTICE TO SHAREHOLDERS OF CONTINENTAL MERCHANT BANK (IN-LIQUIDATION) The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Continental Merchant Bank has concluded…
Notice to Shareholders of Alpha Merchant Bank (In-liquidation)
IN THE MATTER OF THE COMPANIES AND ALLIED MATTERS ACT 1990NOTICE TO SHAREHOLDERS OF ALPHA MERCHANT BANK (IN-LIQUIDATION) The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Alpha Merchant Bank has concluded…
Re: Purported Recruitment Exercise by the NDIC
The attention of the Management of the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to a report on the online platforms of the Financial Watch and Latest Nigerian News titled – “NDIC Recruitment Portal…
NDIC Wins N1.4bn Debt Recovery Case Against Debtor of Defunct Gulf Bank
In its capacity as official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf Bank Plc the sum of N1.4bn.…
Covid-19: Your Bank Deposits Are Safe – NDIC
During the COVID-19 pandemic, don’t be confused or live in fear about what to do with your money. The best place to keep your money is in banks licenced by the Central Bank of Nigeria…
NDIC Condoles President Buhari on Death of Chief of Staff Mallam Abba Kyari
The Nigeria Deposit Insurance Corporation (NDIC) has condoled with President Muhammadu Buhari on the demise of his late Chief of Staff Mallam Abba Kyari who died on Friday 17th of April, 2020. In a letter…
Scheduled Decontamination of the NDIC Head Office Building
As part of the measures put in place to safeguard the life of staff, other occupants and visitors, the Corporation commenced the routine decontamination of the NDIC Head Office Building on Monday, 22nd June, 2020.…
“Clarity In NDIC And CBN Roles In Proposed Amendment Of BOFIA Critical To Effective Regulation Of Banks”– MD NDIC
In a bid to establish effective legal instruments to secure the safety and stability of the nation’s financial system, there is a need to closely examine enacting laws with a view to harmonising the positions…
Scheduled Decontamination Of The NDIC Head Office Building
As part of the measures put in place to safeguard the life of staff, other occupants and visitors, the Corporation commenced the routine decontamination of the NDIC Head Office Building on Monday, 22nd June, 2020.…
NDIC Contributes ₦1 Billion To COVID-19 Crisis Relief Fund
PRESS RELEASE The Board of the Nigeria Deposit Insurance Corporation (NDIC) has approved the immediate release of the sum of N1 billion Naira to the COVID-19 Relief Fund being put together to fight against the…
NDIC To Partner With The Alumni Association Of The National Institute On Financial Inclusion
PRESS RELEASE The MD/CE of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has called for close partnership and collaboration with Alumni Association of the National Institute (AANI) for the rapid economic development of the…
NDIC Establishes New Unit On Fintech And Innovation
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) has responded to technological innovations and applications in financial services with the establishment of a new “FINTECH AND INNOVATIONS UNIT” to align with contemporary trends in advanced…
NDIC Clinches Servicom Award
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) has emerged the best performing Ministerial Servicom Unit (MSU) in the team “C” category for Ministries, Departments and Agencies (MDAs) for the year 2019. The Corporation’s Nodal…
Exposure Draft On Proposal For Deployment Of Differential Premium Assessment System (DPAS) And Insurable Limit To Depositors Of Payment Service Banks (PSBs) In Nigeria – Call For Public Comments
1.0 PREAMBLE The Central Bank of Nigeria recently issued the Framework for the Licensing and Regulation of Payment Service banks (PSBs) and stipulated that Deposit Insurance Coverage be extended to all relevant depositors. The Nigeria Deposit…
We Have Zero Tolerance For Corruption In Our Operations – NDIC MD
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) as a key component of the Nigerian financial safety-net arrangement, has zero tolerance for corruption and all forms of malpractices within the Corporation and in the implementation…
Public Notice In Respect Of Bid Opening For The Supply Of Goods And Services At The NDIC Head Office, Abuja
The general public is hereby informed that the bid opening in respect of Supply of goods and services scheduled to hold on Monday, 21st October 2019 is hereby postponed due to the Corporation’s 30th Anniversary Celebrations and…
Sale Of Assets Of Closed Fortis Microfinance Banks By Public Auction And Public Competitive Bid
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Microfinance banks (MFBs), hereby invites interested members of the general public to buy the assets (furniture, fixture, fittings, equipment, generators,…
Sale Of Assets Of Closed Micro Finance Banks By Public Auction And Public Competitive Bid
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Microfinance banks (MFBs), hereby invites interested members of the general public to buy the assets (landed property) of the under…
Invitation To Tender For The Supply Of Goods And Works At The NDIC Head Office, Abuja
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR THE SUPPLY OF GOODS AND WORKS AT THE NDIC HEAD OFFICE, ABUJA 1.0 INTRODUCTIONThe Nigeria Deposit Insurance…
Invitation To Tender For The Supply Of Goods And Works At The NDIC Head Office, Abuja
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447/448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ngINVITATION TO TENDER FOR THE SUPPLY OF GOODS AND WORKS AT THE NDIC HEAD OFFICE, ABUJA 1.0 INTRODUCTIONThe Nigeria Deposit Insurance Corporation…
NDIC Signs MOU With The Korea Deposit Insurance Corporation
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) has signed a Memorandum of Understanding (MOU) with the Korea Deposit Insurance Corporation (KDIC) on a wide range of issues intended to facilitate the robust implementation of…
2019 NDIC Sensitization Seminar for External Solicitors
2019 NDIC Sensitization Seminar for External Solicitors
NDIC Urges Caution On Adoption Of Crypto-Currencies
PRESS RELEASE The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) Umaru Ibrahim has advised Nigerians to exercise maximum caution in the adoption of crypto-currencies as their preferred mode of…
Invitation To Tender For The Upgrade Of Facility For The New Training Academy In Abuja
1.0 INTRODUCTIONThe Nigeria Deposit Insurance Corporation (NDIC) wishes to invite reputable and competent Companies with good track record of performance and experience to tender for the Upgrade of its newly acquired Facility for its New Training…
Sale Of Assets Of Closed Micro Finance Banks By Public Auction And Public Competitive Bid
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Micro finance banks (MFBs), hereby invites interested members of the general public to buy the assets (furniture ,fixture, fittings, equipment,…
NDIC Solicits For Speedy Amendment Of Enabling Act
PRESS RELEASE The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate of the Federal Republic for the speedy passage of the NDIC…
Verification And Payment Of Insured Deposits To Depositors Of TMC Savings And Loans Ltd
This is to notify the general public that Nigeria Deposit Insurance Corporation (NDIC) will commence the verification and payment of insured deposit from Monday, 10th to Friday, 14th June, 2019 to the depositors of TMC…
Sale Of Assets Of Closed Micro Finance Banks By Public Auction And Public Competitive Bid
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Micro finance banks (MFBs), hereby invites interested members of the general public to buy the assets (furniture ,fixture, fittings, equipment,…
NDIC Has Carved A Niche For Itself – House Committee Chairman
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) has carved a niche for itself as the leading Deposit Insurer in Africa according to the Chairman of the House of Representatives Committee on Insurance and Actuarial…
VP Expresses Confidence In New NDIC Board
PRESS RELEASE Vice President Yemi Osinbajo has expressed confidence in the ability of the new Board and Management of the NDIC led by Mrs Ronke Sokefun whom he described as an experienced lawyer and Umaru…
Press Statement On The Liquidation Of Fortis Microfinance Bank
The attention of the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to a report in the Daily Trust Newspaper of Friday, 8th February, 2019 which alleged a hasty liquidation of Fortis Micro-Finance Bank (MFB). The…
NDIC Board Promises Sound Policies Towards Financial System Stability
Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of sound policies to enhance the safety and stability of the nation’s financial system as…
NDIC Strengthens Partnership With ICPC For Zero Tolerance On Corruption
The Nigeria Deposit Insurance Corporation (NDIC) has zero tolerance for all forms of malpractices within the Corporation and in all the initiatives it has taken to fully implement its mandate. The Managing Director/Chief Executive of…
Notice To Depositors Of Recently Closed Microfinance Banks
1. The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the banks whose licences were recently revoked, is in the process of paying the Insured Depositors. We therefore advise that all depositors of these…
Notice To Depositors Of Closed Fortis Microfinance Bank
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of Fortis Microfinance Bank whose licence was recently revoked, has concluded arrangement to close the bank and its branches and pay the insured Depositors. We are…
Islamic Financial Services Board Admits NDIC
The Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board. The NDIC joins…
Senate Expresses Commitment For Speedy Ammendment Of NDIC Act
PRESS RELEASE The Senate Committee on Banking, Insurance and Other Financial Institutions has expressed a strong Commitment for the accelerated amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act, 2006, to eliminate the gaps that…
Notice To Depositors Of Recently Closed Microfinance Banks (MFBs) & Primary Mortgage Banks (PMBs)
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the recently closed MFBs and PMBs, is calling on all the depositors of the under listed closed banks to file their claims for the payment…
Management & Directors Of Failed Skye Bank Under Investigation – NDIC
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are monitoring the investigations of law enforcement agencies instituted against the directors and management of the failed Skye Bank Plc…
NDIC EMERGES BEST PERFORMING PUBLIC SECTOR AGENCY IN INFORMATION TECHNOLOGY CLEARANCE REGULATION
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) has been declared the best performing public sector institution in Nigeria on compliance with Information Technology Clearance Regulation after a rigorous selection process in Nigeria. The award…
Notice To Depositors Of Closed Microfinance Banks (MFBs) Following The Revocation Of Banking Licences
The Operating Licences of the under-listed Microfinance Banks were revoked by the Central Bank of Nigeria (CBN) on September 26, 2018 and the Nigeria Deposit Insurance Corporation (NDIC) assumed the capacity of Provisional Liquidator. Click here to…
Notice To Depositors Of Closed Primary Mortgage Banks (PMBs) Following The Revocation Of Banking Licenses
The Operating Licences of the under-listed Primary Mortgage Banks were revoked by the Central Bank of Nigeria (CBN) on September 26, 2018 and the Nigeria Deposit Insurance Corporation (NDIC) assumed the capacity as Provisional Liquidator…
Finance Minister Calls On CBN And NDIC To Investigate Directors Of Defunct Skye Bank
PRESS RELEASE The Honourable Minister of Finance Hajiya Zainab Ahmed, has directed the Central Bank of Nigeria (CBN), and the Nigeria Deposit Insurance Corporation (NDIC), to fully investigate and prosecute all the Directors and Executive…
NDIC MD/CE Emerges IADI Africa Regional Committee Chair
PRESS RELEASE The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has been elected the new Chairperson of the Africa Regional Committee (ARC) of the International Association of Deposit…
Press Statement On The Resolution Of Skye Bank Plc
PRESS RELEASE 1. In continuation of the Central Bank of Nigeria (CBN) intervention in the distressed Skye Bank Plc., on the 4th July 2016, which was aimed at protecting depositors of that bank, the NDIC,…
NDIC Hosts IADI Africa Regional Committee (ARC) Annual General Meeting And Technical Assistance Workshop In Lagos
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) will host the next edition of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual General Meeting and Technical Assistance Workshop. The event has…
NDIC Calls For Stronger Ethical Standard In Banking Industry
PRESS RELEASE The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has stressed the need for effective collaboration between regulators and operators in the banking system for the establishment…
Re: Invitation To Tender For The Construction Of Perimeter Fence And Gate House At Ibeju Lekki, Lagos
RE: INVITATION TO TENDER FOR THE CONSTRUCTION OF PERIMETER FENCE AND GATE HOUSE AT IBEJU LEKKI, LAGOS NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng RE: INVITATION…
Call For Expression Of Interest/invitation To Pre-qualify For Selection As A Bidder For The Sale Of Residual Risk Assets Of Banks In Liquidation
CALL FOR EXPRESSION OF INTEREST/INVITATION TO PRE-QUALIFY FOR SELECTION AS A BIDDER FOR THE SALE OF RESIDUAL RISK ASSETS OF BANKS IN LIQUIDATION Introduction The NIGERIA DEPOSIT INSURANCE CORPORATION in exercise of its powers as Liquidator of…
NOTICE TO DEPOSITORS OF FIVE (5) BANKS (IN-LIQUIDATION) OF THE INTENTION TO DECLARE DIVIDEND
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the closed banks mentioned below, has concluded arrangements to pay liquidation dividends to eligible depositors of the banks from Monday, 3rd September, 2018. Accordingly, all persons…
Notice To Shareholders Of Three (3) Banks (In-liquidation) Of The Intention To Declare Dividend
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of the defunct Alpha Merchant Bank, Nigeria Merchant Bank and Pan African Bank, has concluded arrangements to pay liquidation dividends to eligible shareholders of the banks, beginning from 3rd September, 2018.…
Qualitative Education Could Check Violence And Insecurity – NDIC Boss
PRESS RELEASE The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has advocated quality education as panacea to check the spate of violence and insecurity challenges currently being experienced in the country. The…
NDIC Assists Uganda Deposit Protection Fund
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) is assisting the Uganda Deposit Protection Fund (DPFU) to develop capacity to implement the Deposit Insurance System (DIS) in the East African country. The Corporation recently hosted…
Invitation To Tender For The Construction Of Perimeter Fence And Gate House At Ibeju Lekki, Lagos.
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR THE CONSTRUCTION OF PERIMETER FENCE AND GATE HOUSE AT IBEJU LEKKI, LAGOS. 1.0 INTRODUCTION The Nigeria…
Invitation To Tender For The Construction Of Perimeter Fence And Gate House At NDIC Bauchi Zonal Office
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR THE CONSTRUCTION OF PERIMETER FENCE AND GATE HOUSE AT NDIC BAUCHI ZONAL OFFICE. 1.0 INTRODUCTION The Nigeria Deposit…
Invitation To Tender For The Construction Of Perimeter Fence And Gate House At NDIC Bauchi Zonal Office
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR THE CONSTRUCTION OF PERIMETER FENCE AND GATE HOUSE AT NDIC BAUCHI ZONAL OFFICE. 1.0 INTRODUCTION …
NDIC First Public Organization To Be Awarded Three International Organization For Standards(ISO) Certifications
The Nigeria Deposit Insurance Corporation (NDIC) has become the first public sector organization in Nigeria to be awarded three International Organization for Standardization (ISO) certifications by the British Standards Institute (BSI) simultaneously. At an elaborate…
Deduction And Remittance Of 1% Stamp Duty Charge On All Contract Agreements Awarded By Ministries, Departments And Agencies.
PUBLIC NOTICE This is to inform all Contractors and Vendors of the Nigeria Deposit Insurance Corporation (NDIC) that the Corporation has commenced deduction of one (1) % Stamp Duties chargeable on all contract agreements as…
Invitation For Expression Of Interest For The Physical Archiving Of Documents At The Corporation’s Lagos Office
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION FOR EXPRESSION OF INTEREST FOR THE PHYSICAL ARCHIVING OF DOCUMENTS AT THE CORPORATION’S LAGOS OFFICE 1.0 INTRODUCTION The Nigeria…
US Office Of Technical Assistance Commends NDIC
The Office of Technical Assistance (OTA) of the United States Department of Treasury has commended the Nigeria Deposit Insurance Corporation (NDIC) on the establishment of a world class academy that serves as a reference point…
Sale Of Obsolete Items
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng The general public is hereby invited to note the public auction of the under listed items at the Corporation’s…
NDIC To Investigate Banks For Failure To Make Returns On Fraud Cases
The Nigeria Deposit Insurance Corporation (NDIC) is to investigate some banks for the inadequate rendition of returns to the Corporation on instances of fraud, forgeries, and cases involving members of their staff who were either…
Notice To Creditors Of Five (5) Banks (In-liquidation)
PAYMENT OF FIRST LIQUIDATION DIVIDEND TO CREDITORS Nigeria Deposit Insurance Corporation in its capacity as the Liquidator of the closed COMMERCIAL TRUST BANK, ICON MERCHANT BANK, MERCHANT BANK FOR AFRICA, IVORY MERCHANT BANK AND FINANCIAL MERCHANT…
Special Notice To Banks, Bank Depositors And The General Public On Digital Currencies
1.0 INTRODUCTION In view of the concerns expressed by the National Assembly and the general public about the incursion of Digital Currencies, the NDIC is issuing this warning to the users, holders and traders in…
Disassociation from “Stevens Finance Services” 2017 Grant Scheme
PUBLIC NOTICE The attention of the Management of the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to the publication on the website of a so-called Stevens Finance Services with link http://www.stevensfinanceservices.com/2017-grant-scheme in which the…
NDIC Calls For Collaboration With IoD To Address Corporate Governance Challenges In Banks
The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has identified the critical role the Institute of Directors (IoD) could play towards addressing the poor corporate governance practices that have posed a…
NDIC Contributed To The Safety And Soundness Of The Nigerian Banking System
Sterling Bank Plc have praised the Nigeria Deposit Insurance Corporation (NDIC) for its immense contribution to the safety and soundness of the Nigerian banking system since its inception. The Management of the bank expressed the…
The NDIC Hereby Invites Depositors Of New Heights MFB (In-liquidation) For Verification And Payment Of Their Insured Sums At Its 15a Marina Lagos Office And Its Zonal Offices From December 27, 2017 – January 31, 2018.
NIGERIA DEPOSIT INSURANCE CORPORATION IN THE MATTER OF THE COMPANIES AND ALLIED MATTERS ACT 1990 NOTICE TO DEPOSITORS OF NEW HEIGHTS MFB (IN-LIQUIDATION) OF INTENTION TO PAY INSURED DEPOSITS All persons listed as Depositors in…
NDIC Emerges Best Performing Ministerial Servicom Unit
The Nigeria Deposit Insurance Corporation (NDIC) has recorded another commendable achievement with the conferment of an award as “The Best Performing Ministerial SERVICOM Unit (MSU) 2017” by the SERVICOM Office of the Presidency. This award…
NDIC Achieves ISO Certification
The Nigeria Deposit Insurance Corporation (NDIC) has successfully obtained three certifications from the British Standards Institution (BSI) for Information Security Management System ISO/IEC 27001:2013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO…
Request For Invitation To Tender/ Expression Of Interest For Information Technology (It) And Other Projects Under The Year 2017 Appropriation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng REQUEST FOR INVITATION TO TENDER/ EXPRESSION OF INTEREST FOR INFORMATION TECHNOLOGY (IT) AND OTHER PROJECTS UNDER THE YEAR 2017…
Forty-six (46) NDIC Staff Graduate CIBN’s Chartered Banker MBA Program
PRESS RELEASE Forty Six (46) members of staff of the Nigeria Deposit Insurance Corporation (NDIC) have graduated from the Chartered Banker/Master in Business Administration (CB/MBA) Programme at Bangor University, Scotland. The graduates have also earned…
NDIC Extends DIS Capacity Building Program To Ghana Deposit Protection Corporation
The Nigeria Deposit Insurance Corporation (NDIC) is organising a five-day capacity building programme for senior officials of Ghana Deposit Protection Corporation (GDPC) as part of the NDIC’s efforts to assist member countries in the West…
Banking Industry Recorded Decline In Frauds, Forgeries – NDIC
The banking industry recorded a decline in the rate of successful fraud incidences and extent of amount of losses in 2016, compared to 2015. The NDIC Managing Director/Chief Executive, Alh. Umaru Ibrahim, FCIB, mni, made this…
Notice To Depositors Of The Following Banks (In-liquidation) Of The Intention To Declare Dividend
IN THE MATTER OF THE COMPANIES AND ALLIED MATTERS ACT 1990 NOTICE TO DEPOSITORS OF THE FOLLOWING BANKS (IN-LIQUIDATION) OF THE INTENTION TO DECLARE DIVIDEND All persons listed as Depositors in the records of the…
Notice Of Title Documents In The Custody Of African International Bank Limited (In-liquidation)
The banking licence of African International Bank Ltd (closed bank) was revoked by the Governor of the Central Bank of Nigeria (CBN) on the 2nd September, 2013. Pursuant to Section 40 (1) of the Nigeria Deposit…
NDIC Academy: Africa’s Emerging Centre Of Excellence
PRESS RELEASE “An investment in knowledge pays the best interest” – Benjamin Franklin, American author, scientist and statesman The evolution of elaborate deposit insurance system (DIS) can be traced to the United States Congress which…
Invitation To Submit Expression Of Interest For The Implementation Of Some It Services For The Corporation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO SUBMIT EXPRESSION OF INTEREST FOR THE IMPLEMENTATION OF SOME IT SERVICES FOR THE CORPORATION 1.0 INTRODUCTION The Nigeria…
General Procurement Notice (GPN)
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng GENERAL PROCUREMENT NOTICE (GPN) The Nigeria Deposit Insurance Corporation (NDIC) wishes to bring to the notice of interested, competent…
NDIC Academy To Lead Africa In Deposit Insurance
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) is set to lead the African Sub-Region in enhancing capacity building and bridging skills gaps in the banking industry in general and the Deposit Insurance Scheme (DIS)…
Ignore Rumours Of Financial Distress In Banks
PRESS RELEASE The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has called on members of the public to ignore rumours of financial distress in some banks that are being circulated…
Task Force On Implementation Of Failed Banks Act To Re-arrest Accused Persons That Have Absconded
PRESS RELEASE The Task Force on the Implementation of the Failed Bank Act has given notice to re-arrest for prosecution, directors and officers of licensed banks who had committed banking malpractices and had absconded. The…
Notice To Depositors Of Jubilee Building Society Ltd (In-liquidation)
PAYMENT OF INSURED SUM TO DEPOSITORS Nigeria Deposit Insurance Corporation in its capacity as the insurer of Depositors of the closed JUBILEE BUILDING SOCIETY LTD (IN-LIQUIDATION) is pleased to announce that it has concluded arrangements to pay…
Sale Of Landed Property
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its statutory duty as liquidator of failed banks, hereby invites interested members of the public to buy the interest of the under listed defunct Banks in…
Sale Of Landed Property
The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its statutory duty as liquidator of failed banks, hereby invites interested members of the public to buy the interest of the defunct City Express Bank PLC…
Invitation To Tender For Supply And Installation Of Equipment For The Corporation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR SUPPLY AND INSTALLATION OF EQUIPMENT FOR THE CORPORATION 1.0 INTRODUCTIONThis is to inform the general…
NDIC Trains EFCC/ICPC Operatives
The Nigeria Deposit Insurance Corporation (NDIC) has concluded a capacity building programme for Operatives of the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC).The fifty-two day long training programme is in…
NDIC Postpones Workshop For PMB Operators
The Nigeria Deposit Insurance Corporation (NDIC) has postponed the workshop on differential premium assessment system (DPAS) earlier organised for operators of primary mortgage banks (PMBs) from Wednesday, 23rd to Friday, 25th November, 2016. A release signed…
Okereke-Onyuike’s Call To FG: Merge NDIC With AMCON To Improve Efficiency
Our attention has been drawn to remarks credited to erstwhile DG, NSE, Dr. Ndidi Okereke-Onyuike, which was published in many newspapers on Thursday, 10th November, 2016. In her speech delivered during a book launch in Lagos,…
Invitation To Submit Expression Of Interest For Consultancy Serivces For Archiving Of Documents In The Corporation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng 1.0 INTRODUCTIONThe Nigeria Deposit Insurance Corporation (NDIC) wishes to invite reputable and competent Consultancy firms with good track record…
NDIC Boss Re-elected Into IADI Exco
PRESS RELEASE The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Alh. Umaru Ibrahim has been re-elected into the Executive Committee of the International Association of Deposit Insurers (IADI) for another term of…
Senate Lauds NDIC For Regular Remittance To Consolidated Revenue Fund
The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating surplus into the Consolidated Revenue Fund (CRF) in…
NDIC Charges Jaiz Bank To Uphold Good Corporate Governance
The Management of Jaiz Bank Plc has been advised to strengthen its corporate governance in order to weather the storm of economic challenges that is currently facing Nigeria’s banking industry.The MD/CE of Nigeria Deposit Insurance…
NDIC Reviews Maximum Deposit Insurance Coverage (MDIC) To Primary Mortgage Banks (PMBs), Extends Differential Premium Assessment System (DPAS) To Primary Mortgage Banks (PMBs)
PRESS RELEASE The Nigeria Deposit Insurance Corporation (NDIC) has been granted approval for an upward review of its maximum deposit insurance coverage (MDIC) from N200,000 to N500,000 per depositor for primary mortgage banks (PMBs) and…
NDIC Charges Jaiz Bank To Uphold Good Corporate Governance
PRESS RELEASE The Management of Jaiz Bank Plc has been advised to strengthen its corporate governance in order to weather the storm of economic challenges that is currently facing Nigeria’s banking industry. The MD/CE of…
2016 NDIC Retirees Verification Public Announcement
NIGERIA DEPOSIT INSURANCE CORPORATIONwww.ndic.gov.ng 2016 NDIC RETIREES VERIFICATION PUBLIC ANNOUNCEMENT THIS IS TO INFORM ALL NDIC RETIREES THAT THE ANNUAL VERIFICATION EXERCISE WILL HOLD FROM 22nd AUGUST to 30th SEPTEMBER 2016 AT THE NDIC HEAD OFFICE IN…
NDIC Decries Rise In Non-performing Insider Related Facilities: Calls For Stiffer Sanctions
PRESS RELEASE The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern over the increasing wave of non-performing insider loans in various banks and its consequence on the stability…
NDIC Releases 2015 Annual Report
The Nigeria Deposit Insurance Corporation (NDIC) has released its 2015 Annual Report. Below are the highlights of the report. 1.0 Following a study on coverage levels conducted by the NDIC in 2015, it reviewed upwards…
General Procurement Notice
NIGERIA DEPOSIT INSURANCE CORPORATIONGENERAL PROCUREMENT NOTICE (GPN) The Nigeria Deposit Insurance Corporation (NDIC) wishes to bring to the notice of interested, competent and reputable contractors/suppliers and service providers that the Corporation would carry out procurement…
Sale of Assets of Closed Microfinance Banks and Primary Mortgage Banks by Public Auction and Public Competitive Bid
NIGERIA DEPOSIT INSURANCE CORPORATIONASSET MANAGEMENT DEPARTMENT The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs), hereby invites interested members of the…
NDIC Awards Prizes to ABU Students on DIS Course
The Nigeria Deposit Insurance Corporation (NDIC) has presented prize awards to three deserving students of Ahmadu Bello University (ABU), Zaria for their outstanding performance in “Fundamentals of Deposit Insurance” course recently introduced into the university.…
NDIC Lagos Office Relocated to NECOM House
Please be informed that the Lagos Office of the Nigeria Deposit Insurance Corporation (NDIC) had relocated to NECOM House since April 20, 2015. Find below the official address of the new office: NECOM House15, Marina…
Fiscal Responsibility Commission Commends NDIC
The Fiscal Responsibility Commission (FRC) has commended the Management of Nigeria Deposit Insurance Corporation (NDIC) for compliance with the submission of its audited financial statements of 2007- 2014 and prompt payment of operating surplus.This commendation…
NDIC Releases Deposit Insurance Guidelines on Mobile Payments System
Following the introduction of mobile banking in Nigeria by the Central Bank of Nigeria (CBN) which issued operating licences to many deposit money banks (DMBs) and telecommunication companies to provide mobile banking services, the Nigeria…
NDIC Develops Framework for Non-interest Deposit Insurance Scheme
Following the successful take off of the non interest banking in Nigeria that is currently being undertaken by Ja’iz Bank and also by Stanbic IBTC and Sterling Banks, the Nigeria Deposit Insurance Corporation (NDIC) has…
NDIC Advocates Effective Judicial Process to Enhance Financial Stability
The Nigeria Deposit Insurance Corporation (NDIC) has reiterated that the Nigerian Judiciary is a critical institution towards achieving the NDIC core mandate of depositor protection and its contribution to financial system stability. The Managing Director…
NDIC Charges Jaiz Bank On Benefits Of Non-interest Banking To National Economic Development
Nigeria Deposit Insurance Corporation (NDIC) has admonished the Management of Jaiz Bank Plc to embark on intensive public awareness and financial education on the benefits of non-interest banking practice in the country in order to…
World Bank Commends NDIC For Robust Target Funding
The World Bank has commended Nigeria Deposit Insurance Corporation (NDIC) for its robust Target Fund Ratio Framework which enables the Corporation to meet its obligation to depositors. Headed by Mr Julian Casal, the World Bank…
NDIC Introduces Deposit Insurance System (DIS) Curriculum In Universities, Tertiary Institutions
PRESS STATEMENT NDIC INTRODUCES DEPOSIT INSURANCE SYSTEM (DIS) CURRICULUM IN UNIVERSITIES, TERTIARY INSTITUTIONS The Nigeria Deposit Insurance Corporation (NDIC) has introduced deposit insurance system (DIS) into the curricula of Nigerian universities and other tertiary institutions…
NDIC Urges Banks To Pay Greater Attention To Corporate Governance
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Alh. Umaru Ibrahim has charged stakeholders in the banking sector to pay greater attention to sound corporate governance practices to prevent systemic crisis in…
Sale Of Compendium Of Nigerian Banking Law Reports (NBLR)
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447/448 Constitution Avenue, Central Business District, Abuja.E-mail: info @ndic.gov.ng. Website:www.ndic.gov.ng SALE OF COMPENDUIM OF NIGERIAN BANKING LAW REPORTS (NBLR) The Nigeria Deposit Insurance Corporation (NDIC) is the publisher of Nigerian Banking…
Fire Incident At Mamman Kontagora House, Lagos
An unfortunate fire incident occurred this morning at the Mamman Kontagora House, 23 Marina,Lagos. Luckily no life was lost and no sensitive document was destroyed because the fire mostly affected the Marina side of the…
Notice To Debtors Of African International Bank (In-liquidation)
On the 2nd day of September, 2013, the Governor of the Central Bank Of Nigeria (CBN) revoked the banking licence of AFRICAN INTERNATIONAL BANK. The Nigeria Deposit Insurance Corporation (NDIC), as liquidator, commenced winding up…
Group Managing Director, Nigerian Army Welfare Limited Visits NDIC
L-R: NDIC MD/CE Alh. Umaru Ibrahim receiving a special commemorative plaque from the Group Managing Director, Nigerian Army Welfare Limited, Major General Augustine Okoh who led his management team on a courtesy visit to the NDIC Senior Management in Abuja. L-R: NDIC MD/CE Alh. Umaru Ibrahim presenting some of the Corporation’s publications to the Group…
NDIC Tasks Aso Savings & Loans Plc To Enthrone Good Corporate Governance
Management of Aso Savings & Loans Plc have been advised to ensure sound corporate governance in the take-over of Union Homes Savings and Loans (UHSL) Plc. The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation…
Verification and Payment of Insured Deposits to Depositors of 7 Primary Mortgage Banks and 1 Microfinance Bank (in-liquidation)
This is to notify the general public that Nigeria Deposit Insurance Corporation will, on Monday, 13th April, 2015 commence the verification and payment of insured deposits to the depositors of the under listed 7 Primary…
NDIC Md/ce’s Interview With The Media On The Amendment Of The NDIC Act
MD/CE NDIC, Alh. Umaru Ibrahim presenting the Corporation’s submission before the Senate Committee on Banking, Insurance and Other Financial Institutions during the Senate Public Hearing on the Amendment of the NDIC Act at the National…
Verification And Payment Of Insured Deposits To Depositors Of 7 Microfinance Banks
VERIFICATION AND PAYMENT OF INSURED DEPOSITS TO DEPOSITORS OF 7 MICROFINANCE BANKS This is to notify the general public that Nigeria Deposit Insurance Corporation (NDIC) will commence the verification and payment of insured deposits from…
General Procurement Notice (GPN)
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447/448 Constitution Avenue, Central Business District, AbujaE-mail. Info@ndic.gov.ng. Website: www.ndic.gov.ng The Nigeria Deposit Insurance Corporation (NDIC) wishes to bring to the notice of interested, competent and reputable contractors/suppliers and service providers…
Invitation To Tender For The Development Of Archives In The Corporation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447/448 Constitution Avenue, Central Business District, AbujaE-mail. Info@ndic.gov.ng. Website: www.ndic.gov.ng The Nigeria Deposit Insurance Corporation (NDIC) wishes to invite reputable companies with Archiving background and good track record of performance and…
Invitation To Tender For The Implementation Of A Network Access Control (CISCO Identity Services Engine) In The Corporation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.org.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR THE IMPLEMENTATION OF A NETWORK ACCESS CONTROL (CISCO IDENTITY SERVICES ENGINE) IN THE CORPORATION The…
Invitation to tender for the implementation of microsoft system center configuration manager (SCCM) in the corporation
NIGERIA DEPOSIT INSURANCE CORPORATIONPlot 447 / 448 Constitution Avenue, Central Business District, AbujaE-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION TO TENDER FOR THE IMPLEMENTATION OF MICROSOFT SYSTEM CENTER CONFIGURATION MANAGER (SCCM) IN THE CORPORATIONThe Nigeria Deposit Insurance…
Notice Of Closure Of Twenty-one (21) Primary Mortgage Banks (PMBs) And One (1) Micro Finance Bank
This is to inform Depositors, Creditors, Shareholders and the General Public that the operating licences of the under listed Twenty-One (21) Primary Mortgage Banks (PMBs) and One (1) Microfinance Bank have been revoked by the…
NDIC 2014 Events In Pictures
L-R: NDIC MD/CE Alhaji Umaru Ibrahim, Chairman of the NDIC Board, Amb. (Dr.) Hassan Adamu (WakilinAdamawa), Hon. Justice Mariam Aloma Mukhtar, Amb. Bashir Yuguda, Executive Director CorporateServices, Hon. Lola Abiola Edewor, NDIC Board Members Ms.…
