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.

Isiaka AbdulRazaq     General Hospital, Ilorin     Shehu Raheem Adaramaja     Offa     Olatunde Olukoya     NITDA     Senate Presidency     KW-GIS     Mustapha Olanipekun     Ibrahim Abduquadri Abikan     Yusuf Lanre Badmus     Arandun     Suleiman Abubakar     Alagbado     GRA     Baba Idris     Henry Makinwa     Kumbi Titilope     Nigeria Association Of Women Journalists     Sulyman Buhari     Kwara Metro Park     Isaac Aderemi Kolawole     Arinola Lawal     Ejidongari     Nigeria Computer Society     Abdulraheem Olesin     Abubakar B.M     Wasiu Odewale     Kwara State Health Insurance Agency     Saliu Oluwole     Cassava Growers\' Association     Veterinary Teaching Hospital     Ope Saraki     Olaiya Lawal     Aso Ofi     Ebun-Olu Adegboruwa     Suleiman Yahya Alapansapa     Kola Ologbondiyan     Dorcas Afeniforo     Sobi Hill     Abdulrahman Abdulrasak     Alapado     Umar Saro     General Tunde Idiagbon International Airport     Salary     Amuda Aluko     Ijagbo Health Centre     Afolasade Opeyemi Kemi     Ilorin General Hospital     Yekeen Alabi     Bola Tinubu     Otoge     Isiaka Oniwa     Abdulsalam Firdaous Amosa     TIC     UNILORIN Alumni     Otuka     Gbemisola Saraki     Facebook     Amuda Bembe     Dankaka     Abdulwahab Olarewaju Issa     Students Union Government     Joseph Daudu     Bayo Ojo     Kwara State Council Of Chiefs     IESA     Aisha Gobir     Joshua Adeyemi Adimula     Amos Sayo     MATTA Girls Foundation     Kola Olota     Ajikobi     Abdulkarim Adisa     Esuwoye     Lawal Arinola Kudirat     Tafida Of Kaiama    

Cloud Tag: What's trending

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

Zainab Abass     Abioye Bello     Christopher Odetunde     Kola Adesina     Wasiu Odewale     Alabi Lawal     Abdulmumin Yinka Ajia     Yusuf Ali     Kayode Alabi     Folajimi Aleshinloye     Mumeen Lah     Oba-Solagberu     Asa     Abdulrahman Iliasu     Adesoye     Olatunde Olukoya     HYPPADEC     Taofik Abdulkareem     Moses Rahman Popoola     Guber Aspirant     Kwara State Pension Board     Adaramaja     Saadatu Modibbo-Kawu     Aliyu Muhammed     Tunji Oyawoye     Oyedepo     BECE     Kwara Polytechnic     Anilelerin     Abubakar Ndakene     Ishaq Oloyede     Imam Gambari     Niyi Osundare     Abdulganiyu Oladosu     Dele Momodu     Ibrahim Labaika     Ayo Opadokun     AbdulRaheem Ahmad Shayi     Kwara Consultative Forum     Oke-Kura     United Nigeria Airline     Iyabo Adewuyi     Ajidagba     AbdulRazaq AbduMajeed Alaro     Code Of Conduct Tribunal     Aisha Buhari     Senior Ibrahim Suleiman     Prince Mahe Abdulkadir     Geri-Alimi Split Diamond Interchange     Chief Of Staff     Azeez Bello     Babajide Ajayi     Tunji Folami     Niyi Ogundiran     Kwara State Government     Ilorin Central Mosque     Saidu Isa     Muhammed Danjuma     Oko-Erin     Lanre Issa Onilu     KWAFFA     Oju Ekun Sarumi     Post-utme     Mohammed Danjuma     Orisa Bridge     Afin Descendants Union Of Odo-Owa     Jani Ibrahim     Egbejila     Pacify Labs     Post Utme     Oyedun Juliana Funke     Adama Isa     Shettima Of Ilorin     Ilesha-Baruba     Ilota     Nigeria Computer Society     Saidu Yaro Musa