UPDATE ON THE REVOCATION OF THE OPERATING LICENSES OF 46 MICROFINANCE BANKS BY THE CENTRAL BANK OF NIGERIA Further to our statement of July 1, 2026 on the revocation of the operating licences of 46…
SERVICOM COMMENDS NDIC ON EFFICIENT SERVICE DELIVER TO …
REVOCATION OF THE OPERATING LICENSES OF 46 MICROFINANCE BANKS BY THE CENTRAL BANK OF NIGERIA Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on…
NOTICE TO GENERAL PUBLIC FOR DISPOSAL OF LANDED PROPERTIES AND OTHER PHYSICAL ASSETS OF DEFUNCT PRIMARY MORTGAGE BANKS. The Nigeria Deposit Insurance Corporation (NDIC), in the exercise of its statutory powers as liquidator of failed…
SALE OF CHATTELS OF CLOSED PRIMARY MORTGAGE BANKS BY PUBLIC AUCTION AND PUBLIC COMPETITIVE BID. The Nigeria Deposit Insurance Corporation (NDIC), in exercise of its right as Liquidator of failed Primary Mortgage Banks (PMBs), hereby…
YOUTH LEADERSHIP: NDIC, NILE UNIVERSITY…
NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC) NOTICE OF INTENTION TO TERMINATE LIQUIDATION ACTIVITIES NOTICE is hereby given to the General Public by the Nigeria Deposit Insurance Corporation (NDIC) in its capacity as the Liquidator of the…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng . NOTICE TO GENERAL PUBLIC FOR DISPOSAL OF LANDED PROPERTY OF SOME MICROFINANCE BANK (IN-LIQUIDATION) . 1.The Nigeria Deposit…
PRESS STATEMENT Resolution of Failed Banks: NDIC Commences Process to Conclude the Liquidation of 89 MFBs & PMB The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89…
. SENSITIZATION SEMINAR FOR DEBT RECOVERY AGENTS OF THE NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC) . THEME: OPERATIONALIZNG THE PROVIS IONS OF NDIC ACT 2023 FOR EFFECTIVE DEBT RECOVERY . KEYNOTE ADDRESS Thompson Oludare S unday…
. 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…
The MD/CE of the NDIC, Mr. Thompson Oludare Sunday, has called on the Nigerian Institution of Estate Surveyors & Valuers (NIESV) to strengthen strategic collaboration with the Corporation as the NDIC relies on NIESV members…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website:…
NOTICE TO BENEFICIARIES, ALLOTTEES AND GENERAL PUBLIC IN RESPECT OF SOME HOUSING ESTATES FORMERLY ACQUIRED BY AHOCOL SAVINGS AND LOANS LTD. (IN-LIQUIDATION) The Nigeria Deposit Insurance Corporation (NDIC), official liquidator of the defunct AHOCOL SAVINGS…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng . The Nigeria Deposit Insurance Corporation (NDIC), in the exercise of its statutory powers as liquidator of failed banks…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng . Introduction: Furtherance to the Public advertisement published in The Punch, Business Day and This Day newspaper on June…
PRESS RELEASE Wale Edun Inaugurates New NDIC Management The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has inaugurated the new Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng . NOTICE TO CREDITORS OF DEFUNCT COMMERCIAL TRUST BANK (IN-LIQUIDATION) The Nigeria Deposit Insurance Corporation (NDIC), the Official Liquidator…
1. The Nigeria Deposit Insurance Corporation (NDIC), in the exercise of its statutory mandate as the Liquidator of failed banks under section 62(1)(d) of NDIC Act, 2023 as amended, wishes to invite the general public for the…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng The Nigeria Deposit Insurance Corporation (NDIC), in the exercise of its statutory mandate as the Liquidator of failed banks…
MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan (middle) and the NDIC Executive Director Corporate Services, Mrs Emily Osuji (2nd Right) pose for a group photograph with members of the Governing Council of the…
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan (4th left), led a delegation on a courtesy visit to the Inspector General of Police (IGP), Kayode Egbetokun (middle), at the Force Headquarters, Abuja along with the NDIC Executive Director (Corporate Services), Mrs. Emily C. Osuji (3rd right). Alongside are Deputy…
. HERITAGE BANK (IN-LIQUIDATION): NDIC HAS COMMENCED PAYMENT OF ₦46.6 BILLION AS FIRST TRANCHE OF LIQUIDATION DIVIDENDS TO DEPOSITORS WITH FUNDS ABOVE THE INSURED LIMIT . A liquidation dividend represents amount paid by the Corporation…
The Chairman, House Committee on Insurance & Actuarial Matters Deputy Chairman Honourable Members The Executive Director, Operations, NDIC Executive and Senior Staff of NDIC present Secretariat of the Committee Gentlemen of the Press Distinguished Ladies…
The public is hereby notified that the following housing estates listed below are owned by AHOCOL SAVINGS AND LOANS (In Liquidation).…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng The Nigeria Deposit Insurance Corporation wishes to draw the attention of all interested bidders and the general public…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng . ADDENDUM: NOTICE TO GENERAL PUBLIC FOR DISPOSAL OF LANDED PROPERTY (WAREHOUSE) OF CITY EXPRESS BANK (IN-LIQUIDATION) …
The MD/CE Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan presents some of the Corporation’s research publications to the Chief Justice of Nigeria (CJN), Hon. Justice Kudirat Motonmori Olatokunbo Kekere-Ekun during a courtesy visit of the NDIC Management on the CJN in Abuja. Chief Justice of Nigeria (CJN), Hon. Justice Kudirat Motonmori Olatokunbo Kekere-Ekun and…
KEYNOTE ADDRESS BY THE MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER, NDIC, MR. BELLO HASSAN, OON, FCA, FCIB, AT THE 2024 MANAGEMENT WORKSHOP FOR SENIOR MANAGEMENT AND EXECUTIVE STAFF OF THE CORPORATION IN COLLABORATION WITH THE BUREAU OF…
The Management of the NDIC led by the MD/CE NDIC, Mr. Bello Hassan (3rd from left) on a working visit to the Honourable Minister of State Finance, Dr. Doris Uzoka-Anite (2nd from Left) at the…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng . INVITATION TO TENDER FOR THE SUPPLY OF 100 (NOS.) DESKTOP & 105 (NOS.) LAPTOPS COMPUTERS FOR…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng . . INVITATION TO TENDER FOR THE SUPPLY OF 13 (NOS.) VARIOUS BRANDS OF MOTOR VEHICLES FOR…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng 1.0 INTRODUCTION The Nigeria Deposit Insurance Corporation (NDIC) wishes to invite reputable and competent Companies with good…
Signed Management Nigeria Deposit Insurance Corporation (NDIC)
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…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng . NOTICE TO GENERAL PUBLIC FOR DISPOSAL OF LANDED PROPERTY AND OTHER PHYSICAL ASSETS OF HERITAGE BANK (IN-LIQUIDATION)…
In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced process for the auction of landed properties and…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng . INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR THE ENGAGEMENT OF LEGAL ADVISERS AND MANAGEMENT CONSULTANTS…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447/448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng, Website: www.ndic.gov.ng The Nigeria Deposit Insurance Corporation (NDIC) wishes to draw the attention of the general public for the disposal…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng . INVITATION TO TENDER FOR THE SUPPLY AND INSTALLATION OF IP-CCTV SECURITY SURVEILLANCE SYSTEM FOR (NDIC) LAGOS…
Following the revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN) on June 3, 2024, the Nigeria Deposit Insurance Corporation (NDIC) was appointed as liquidator and the Corporation, in accordance with…
NDIC COMMENCES LIQUIDATION OF HERITAGE BANK Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024 and the appointment of the…
2024 RegTech Africa Awards: NDIC Bags the Regulatory Compliance Category for Excellence in Regulatory Standards & Compliance.Ms. Chuma Qwalela, Head of Strategy, Rand Mutual Assurance, South Africa presents the award to Director Communication & Public Affairs, Mr. Bashir A. Nuhu and Director, Information Technology Department, Mr. Imade Uhunmwagho accompanied by staff of the NDIC.
From left: MD/CE, NDIC, Bello Hassan, exchanges pleasantries with the Executive Director, Operations, Mohammed Mustapha Ibrahim while the representative of President of the Court of Appeal, Hon. Presiding Justice Court of Appeal, Lagos Division, Hon. Justice Jimi Olu Kayode Bada, watches at the 2024 NDIC Sensitization Seminar for Justices of the Court of Appeal with…
NIGERIA DEPOSIT INSURANCE CORPORATION Plot 447 / 448 Constitution Avenue, Central Business District, Abuja E-mail: info@ndic.gov.ng Website: www.ndic.gov.ng INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR THE VALUATION OF A MULTI-STOREY BUILDING LOCATED AT 27/29…
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…
MD/CE Nigeria Deposit Insurance Corporation (NDIC) Bello Hassan (L) presents the Corporation’s research publications to the President of the Nigeria Economic Society (NES), Prof. Adeola Adenikinju (R) during a courtesy visit of the NES Executive Council to the NDIC Head Office, in Abuja. MD/CE Nigeria Deposit Insurance Corporation (NDIC) Mr. Bello Hassan (2nd Left); President…
file_1707995896511 NOTICE TO DEPOSITORS OF CLOSED ULTIMATE BENEFIT MICROFINANCE BANK (MFB) The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of Ultimate Benefit Microfinance Bank which licence was revoked in November 2020, has concluded arrangement…
file_1707823079726 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),…
The Nigeria Deposit Insurance Corporation (NDIC), the official Liquidator of Fortis Microfinance Bank, whose licence was revoked in December 2018, is calling on depositors / staff who are yet to receive their insured or uninsured…
Protocols 1.0. It is indeed a great pleasure to welcome you all to the 20th edition of the NDIC Workshop for Business Editors and members of the Finance Correspondents Association of Nigeria (FICAN). It is…
NDIC has been verifying and paying depositors of closed Microfinance and Primary Mortgage Banks since May 2023. Verification is still ongoing and NDIC will diligently work to ensure all depositors are duly paid.
MD/CEO (NDIC), Bello Hassan in a discussion with Senate Committee Chairman on Banking , Insurance and other Financial Institutions, Sen. Abiru Adetokunbo during the Committee’s first oversight visit to the Corporation’s Office in Lagos A group photograph of NDIC Management with Members of the Senate Committee on Banking, Insurance and other Financial Institutions, during the…
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.
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…
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…
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 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…
Click here to view the exposure draft of the revised framework.
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…
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),…
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…
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…
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 Corporation’s entries Presentli and SafeZone came Second and Fifth respectively bagging the…
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…
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…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
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).…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 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…
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…
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…
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.
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…
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…
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…
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.…
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.…
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…
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,…
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…
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.…
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…
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…
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…
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).
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…
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.
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…
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…
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)…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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.…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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
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…
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…
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,…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 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,…
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…
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 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 Introduction The NIGERIA DEPOSIT INSURANCE CORPORATION in exercise of its powers as Liquidator of…
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…
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.…
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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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)…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 This is to notify the general public that Nigeria Deposit Insurance Corporation (NDIC) will commence the verification and payment of insured deposits from…
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…
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…
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…
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…
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…
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.…
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