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.

Ajibola Ademola Julius     Suwa-Arabs     Adewuyi Funmilayo     Christopher Ayeni     Sabo-Oke     Jani Ibrahim     A.G.F Abdulrasaq     Colleges Of Education Academic Staff Union     Abraham Ojo     IYA YUSUF     Leke Ogungbe     Wahab Issa     IFK     NIPR     Tayo Alao     Abubakar Ndakene     Kabir Shagaya     Offa Descendants Union     Ubandawaki     Kulende     Ilorin Descendants Progressive Union     Makama Of Ilorin     Farouk Salim     Yusuf Lanre Badmas     Kamaldeen Kehinde     Rafiu Ajakaye     Magaji Nda     Bamidele Adegoke     Atiku Abubakar     Ifelodun     CCB     Halimah Perogi     Joseph Alex Offorjama     Adamu Ibrahim Sabi     Lafia Aliyu Korasabi     Mutawalle     Femi Agbaje     Tafida     Otunba Taiwo Joseph     Kwara Liberation Group     Surajudeen Akanbi     SWAN     Khadijat Ayoola Yusuf     Government High School Adeta     Fatimah Abdulkadir     Eleja     Femi Oladiji     Lukman Oyebanji Fagbemi     Voices Of Tomorrow     Kunbi Titiloye     Aasiyat Bello Oyedepo     ASUU     Al-Adaby     NTA Ilorin     Saduki Lafiagi     Alabere     Mufti Of Ilorin     Babs Iwarere     SUBEB     Ghali Alaaya     Frootify     Joseph Bamigboye     Council Of The Wise     Haruna Tambiri Mohammed     Col. Adedipe     Segun Abifarin     Kolo     Offa Poly     Ayo Adeyemi     Borgu     Abdulrazak Shehu Akorede     Iyabo Adisa Ibiyeye     AbdulRahman Saad     Tsaragi/Share     Afin Descendants Union Of Odo-Owa     Abubakar Olusola Saraki     Peculiar Allowance    

Cloud Tag: What's trending

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

Local Government     Ronke Adeyemi     Tope Daramola     Ibrahim Orire     YAKOOYO     Danladi     Afonja     Bolakale Kawu     Christian Association Of Nigeria     Abdulrauf Aliyu     Sodiya     Tayo Awodiji     Akanbi-Oke     Nigerian Army     Inside Kwara     Rachael Obisesan     Afetu Of Alabe     Muhammad Akande Olarewaju Odunade     Millennium Development Goals     2017 Budget     Chief Of Staff     Vasolar Consultoria     Yahaya Jibril Usman     Idowu Laro     Ahmad Belgore     PharmAccess Foundation     KwaraLearn     Ayinde Oyepitan     Zubair Folorunsho Erubu     Ladi Hassan     Facebook     Ahmed Idris Mohammed     Okanlawon Taiwo     ASKOMP     Agboola Abdulraheem     Hauwa Nuru     Abdullahi Adisa Akodudu     A.G.F Abdulrasaq     Afusat Nike Ibrahim     Moses Rahman Popoola     Saliu Ajia     Kola Ologbondiyan     Joseph Alex Offorjama     Seed Technologies     Col. Ibrahim Taiwo     Jamiu Oyawoye     Yusuf Zulu-Gambari     Yahya Mohammed     Abiodun Abdulkareem     Abdulrahman Abdullahi Kayode     Ibraheem Abdullateef     Ifelodun     Azeez Bello     Frootify     Hijaab     Ganmo Power Sub-Station     Adesoye     Omoniyi     Ministry Of Women Affairs And Social Development     Olaitan Adefila     AbdulRazaq Abubakar Jiddah     Elewu     Doyin Awoyale     Facemasks     Kayode Yusuf     Yekeen Alabi     Joana Nnazua Kolo     Muhammad Sirajo Aliyu     Ibrahim Mashood     State Bureau Of Internal Revenue     Offa     Nigerian Supreme Council For Islamic Affairs     Abdulrahman Onikijipa     Buhari     07039448763     Sango-UITH Road     LAK Jimoh