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.

Kale Ayo     Yahaya Jibril Usman     ER-KANG     Maryam Nurudeen     Alaro     Ilorin Innovation Hub     Kwara State Sports Commission     Unicontinental Construction Company     Abdulmumini Sanni Jawondo     Abatemi Usman     Kolade Solagberu     Hussein Olokooba     Rueben Parejo     Abraysports FC     Oko-Olowo     Yahaya Seriki     New Naira Notes     Siraj Oyewale     Salihu Ajibola Ajia     Yunus Oniboki     Saka Balikis Kehinde     Onilorin Of Ilorin     Share     Tunde Mukaila Mustapha     Jare Olatundun     The Herald     Yakubu Danladi     Muslim Cementary     Kwara Hotel     Emir Of Shonga     Emmanuel Olatunji Adesoye     Ibrahim Abikan     Olayinka Jelili Yusuf     Jaiz Bank     Abdulrasheed Lafia     Dorcas Afeniforo     Ahmad Ali     Nigeria Association Of Women Journalists     Olofa Of Offa     Kayode Ogunlowo     Photo News     Ali Ahmad     Bola Olukoju     Adekunle David Dunmade     College Of Education     Awodun     NIPR     KWASAA     Bilikisu Oniyangi     BIR     Saheed Popoola     SSA Youth Engagement     Sulu Babaita Isiaka     ITEM 7     Okiki     Otuka     Abubakar Baba     Oba-Solagberu     Overland     CELF     Wahab Isa     Peculiar Allowance     Adegoke Bamidele     Ahmed Bayero     Bature Bello     Olatinwo     Elelu     Abdulfatai Ahmed     Nigeria Foundation For Artificial Intelligence     Roheemat Hammed     Afeyin-Olukuta     Federal Neuro-Psychiatric Hospital     Sanusi Abubakar     Bilikisu Gambari     Owode Market     Shao     Taofeek Ibraheem    

Cloud Tag: What's trending

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

Bola Iyabo Ibiyeye Adisa     Onikijipa     Muazam Nayaya     Kwara State Fish Farmers Association     Tosin Saraki     Ibrahim Taiwo Road     Suleiman Rotimi Iliasu     Illyasu Abdullahi     Abubakar Aliagan     Temitope Ogunbanke     Government House     Moremi High School     Durosinlohun Kawu     Obayomi Azeez     Simeon Sule Ajibola     Aremu Odolaye     Gbugbu International Market     Abatemi Usman     Yusuf Abubakar     Olatunde Jare     Kwara Politics     George Funsho Adebayo     Jawondo     Okanlawon Taiwo     Medview Airlines     Rice Farmers Association Of Nigeria     Maimunat Oloriegbe     Jaiz Bank     Offa Poly     Yakubu Danladi     Bayo Mohammed Onimode     Ronke Adeyemi     SSA Youth     Fulani     Maimunat Oniyangi     Abdul Jimoh Mohammed     Gani Saadu     Mohammed Ajia Ibrahim     Bond     Elerinjare-Ibobo     Kwara Liberation Group     Buari Edun     Mahmud Babatunde Baker     CBT     Aliyu Umar     Ganmo Power Sub-Station     Olaitan Buraimoh     Arinola Lawal     Raliat Islamic Foundation     Saadu Alanamu     Babajide Ajayi     Sidikat Akaje     Taofeek Sanusi     Gwanara     Kanu Agabi     Segun Adeniyi     Federal Polytechnic Offa     Bola Shagaya     Saeedat Aliyu     Bolaji Nagode     Igbaja     Abdulrazak Shehu Akorede     Shola Odetundun     Shururat Olatinwo     Valsolar-Kwara Company Limited     Bola Ahmed Tinubu     National Democratic Congress     Ajike People Support Centre     Akume     Baruba     Majlis For Sadakah, Zakat And Waqf     Ilorin General Hospital     Ita-Ore     Amoyo     Oyedun Juliana Funke     Ayobami Akanbi     GAMA