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.

Patience Jonathan     Freshvine Nigeria Limited     Abiodun Abdulkareem     Gbugbu International Market     Adedeji Onimago     All Confederation Of Principals Of Secondary Schools     Olukotun Of Ikotun     Wahab Issa     ER-KANG Mining     Saliu Ajibola Ajia     Azeez Bello     NITDA     Elerinjare-Ibobo     Salihu Ajia     Rueben Parejo     Olota Of Odo-Owa     Hassan Oyeleke     Lateef Ademola Olatunji     Sadiq Umar     Bilikis Oladimeji     AbdulHamid Adi     Village Alive Development Association     Isiaka Alikinla     Ekweremadu     Emir Of Shonga     Shero     Alimi Abdulrazaq     Bayo Ojo     Kwara State Printing And Publishing Corporation     Ado Bayero     Kwara 2015     Computer Based Test     Special Agro-Industrial Hub     Ilorin South Constituency     Tope Daramola     Shuaib Boni Aliyu     Laduba     PharmAccess Foundation     Sunday Popo-Ola     Ilorin.Info     Ayedun     Alabi Olayemi Abdulrazak     Adanla-Irese     Ishola Balogun Fulani     David Oyepinola Adedumoye     Hijaab     Abdulkadir Remi Hawawu     Simeon Sule Ajibola     Wahab Olasupo Egbewole     Abdulsalam Firdaous Amosa     Dan Masanin     Osinbajo     GGDSS Pakata     Okin High School     Rebecca Olanrewaju     Ahmed Shuaib Buranga     Mohammed Danjuma     Ahmad Olanrewaju Belgore     Suleman Abubakar     Jawondo     Muyiwa Oladipo Kanu     Rotimi Samuel Olujide     Muhammad Toyin Sanusi     Ilorin Durbar     Gamji Members Association     IFK     Temitope Ogunbanke     Oke-Ode     Christopher Tunji Ayeni     Okanlawon Musa     Eleja     Ibraheem Abdullateef     Taiwo Joseph     Solomon Edojah     Congress For National Consensus     Ademola Kiyesola     Abdulquawiy Olododo    

Cloud Tag: What's trending

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

Yakubu Shaaba     Ilorin Like-Minds     Iyiola Oyedepo     CBT     Ayinde Oyepitan     Jimoh Lambe Abdulkareem     Segun Olawoyin     James Ayeni     Ibrahim Abdullahi     Fatai Olodo     Issa Manzuma     Abdulmumini AbdulRazaq     Isau     Abdulkadir Remi Hawawu     Abdulrasheed Lafia     Kunle Suleiman     Adam Abdullahi Al-Ilory     General Hospital, Ilorin     Hassan A. Saliu     Segun Abifarin     Aliyu Alhassan     Baba Idris     CT Ayeni     Rotimi Samuel Olujide     Ibrahim Taiwo     Tafidan Kaiama     Lawal Olohungbebe     Ishola Balogun Fulani     Ayodele Kuburat Olaosebikan     Communication Network Support Services     Abdulrazaq Solihudeen     Idi-Ape     Geri-Alimi Split Diamond Interchange     Mahfouz Adedimeji     Gambari     Olubukola Kifayat Adedeji     Alaro     Sobi     Biliaminu Aliu     Nigeria Customs Service     Femtech     Simeon Sule Ajibola     Gabriel Fashanu     Usman Rifun     Olusegun Adeniyi     Katibi Ibraheem Adeola     Bank Of Industry     Lai Mohammed     Rapheal Ashaolu     Ibrahim Gambari     Elelu     Oniyangi Kunle Sulaiman     ARMTI     Susan Modupe Oluwole     Sarakite     Afolabi-Oshatimehin Adenike Harriet     Bashir Adigun     Congress For National Consensus     Akume     Aliyu Olatunji Ajanaku     Sidikat Akaje     Sa\'ad Alanamu     COEASU     Kishira     Fatima Abolore Jimoh     Garba Ayodele Wahab     PharmAccess Foundation     NaAllah     Okin Malt     Michael Ologundea     Ajidagba     Oluranti Idowu     Bayo Onimago     Aliyu Muhammad Saifudeen     Durbar Festival     Alikinla     Teachers Specific Allowance