Kwara govt lauds NDIC for protecting depositors

Date: 2019-11-04

The Kwara state government has applauded the Nigeria Deposit Insurance Corporation for protecting depositors and safeguarding the banking sector.

The Deputy Governor, Mr. Kayode Alabi, who made the commendation during the NDIC 30th anniversary celebration in Ilorin Kwara state said that the corporatio had saved Nigerian banks from total collapse

He felicitated with the Management and staff of NDIC with a call on them to strengthen their operations towards stimulating Nigeria's economy.

The Controller of NDIC, Ilorin Zonal Office, Mr. Alabi Olusegun Gabriel, appreciated the government and the people of the state for creating an enabling environment for the Corporation and those in financial sector to operate.

According to a Board member of the NDIC Mustapha Mudashiru, the N8.52billion Deposit Insurance System plays a critical role in the sustenance of financial stability in the economy of the nation.

He added that the Corporation enhanced financial system stability by preventing banks from running down and enforcement of market discipline.

The Managing Director of the Corporation, represented by the Director, Bank Examination Department, Mr. Olatayo Oladipo Babatolu, reaffirmed the Corporation's commitment to protect depositor's accounts and ensure discipline in the financial sector towards creating a viable economy system in Nigeria.

The Olomu of Omu-Aran, Oba AbdulRaheem Adeoti, stressed the need for Nigeria Deposit Insurance Corporation to look into interest rate on Agriculture loans, calling for drastic reduction of interest loan to enable farmers access loans to grow the country's economy.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Aasiyat Bello Oyedepo     Fulani     Alloy Chukwuemeka     Sardauna Of Ilorin     Abdulrahman Abdulrasak     Kanu Agabi     Igbaja     Charcoal     Ministry Of Women Affairs And Social Development     Musa Yeketi     Is\'haq Modibbo Kawu     Lanre Badmus     SSUCOEN     Iyabo Adewuyi     Amosa     Ayinke Saka     Kwara State Polytechnic     Ibrahim Abdulkadir Abikan     Kayode Oyin Zubair     Amos Bajeh     Ibikunle Ogunleye     Emmanuel Bello     Saka Asiat Ayinke     Nigerian Army     Rihanat Ajia     Samuel Elizabeth Keatswa     NITDA     Boko Haram     Salihu Alhaji Musa     Abdullahi Imam Abdullahi     Park     Kwara State Football Association     Olabode George Towoju     Earlyon Technologies     Amina Susa\'a De Ahmed     Ahman Pategi     ENetSuD     Aliyu Muyideen     Tinubu     March 28     Sobi Hill     Sheikh Ridhwanullah El-ilory     Adedayo Yusuf Abdulkareem     Aliyu Adebayo     KW-GIS     Kwara     Abdulraheem Olesin     Buari Edun     Bamikole Omishore     Gani Saadu     Lola Olabayo     Muhammad Fawaz Abubakar     Ahmad Uthman     Shehu Alimi Foundation     Onilorin Of Ilorin     Bola Olukoju     Ilorin Emirate     Nurudeen Mohammed     Noah Yusuf     Yoonus Kola Olatinwo     Kolo     Ahmed Dankaya     Okanlawon Musa     Adesina Simon Sodiya     Yakubu Gobir     Yusuf Abdulkadir     Ijakadi     Razaq Ayobami Akanbi     Balikis Jawondo     Diagnostic Centre     Sidikat Alaya     Saad Omo\'ya     Afusat Nike Ibrahim     Bello Oyedepo     Hajj     NTA Ilorin     Nigerian Supreme Council For Islamic Affairs    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ahmad Lawan     Ita-Ore     Saudat Abdulbaqi     Kwara Poly     Alapansapa     Kwara State Polytechnic     Durosinlohun Atiku     Aisha Gobir     Sheikh Ariyibi     Yusuf Badmus     Ilorin General Hospital     Societe Generale Bank Of Nigeria     Bond     Aliyu Muhammed     Aliyu Salihu     Tosho Yaqub     KWACOBPA     Adewuyi Funmilayo     Budo Egba     Oke-Ero     Special Adviser On Digital Innovation     AGM Professional Services     Abdulraheem Olesin     Lawyers Unite Against Corruption     Abdulahi Abubakar Bata     Olayinka Oladapo Jogunola     Abdulraufu Mustapha     Abdulrasaq Alaro     Chikanda     Olaoye B. Felix     Yahaya Abdulkareem     Convocation Ceremonies     Dan Iya Of Ilorin     Markaz Arabic And Islamic Training Institute, Agege     Saeedat Aliyu     PharmAccess Foundation     Olufolake Abdulrazaq     New Naira Notes     Bursary     Hassan Oyeleke     Sanitation Exercise     Countryside Emerging Leaders Fellowship     Kwara University Of Education     Kwara Apc     Kwara Basketball Association     Abdulrahman Iliasu     Aminu Adisa Logun     Dorcas Afeniforo     Abdulsalam A. Yusuf     Aremu Odolaye     Ayodele Shittu     Tosin Saraki     Chief Imam Of Omu-Aran     Bolakale Ayo     College Of Health     Kwara State Council Of Chiefs     Benin Republic     Abdulrauf Yusuf     Bibire Ajape     Tunji Moronfoye     Muslim Media Watch Group Of Nigeria     Onilorin     Onilu     Yetunde Balogun     HYPPADEC     Ojuekun     Mary Kemi Adeosun     KWASSIP     Omar Bolaji Gambari     Suleman Abubakar     Elekoyangan     Saidu Kawu     Adebayo Mohammed Kamaldeen     Pacify Labs     Kwara North     Razaq Atunwa     Abraysports FC