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.

Quareeb Islamic Association     ARMTI     CELF     Mustapha Akanbi     Funke Adedoyin     JMK Construction Company Limited     Toyin Saraki     Ilorin Water Reticulation     Agor Market     Tunji Oyawoye     Oladimeji Thompson     Col. Adedipe     NSCIA     Omoniyi M. Ayinla     Yakubu Mohammed Abdullahi     Computer Based Test     Amusa Bello     Quranic Recitation Competition     Bibire Ajape     Ilesha Gwanara Road     AbdulRazaq AbduMajeed Alaro     Durbar Festival     ANCOPPS     Local Government     Umar Bayo Abdulwahab     Kwara Politics     Abiodun Oyedepo     Imam Gambari     Share     Riskat Opakunle     Hakeem Idris     Saliu Shola Taofeek     Adedayo Yusuf Abdulkareem     Olumide Daniel Ibitoye     Ophthalmological Society Of Nigeria     Sarah Alade     Raheem Adaramaja     Abubakar Aliagan     IQRA College     Alabe     Sheikh Ariyibi     Lateef Alagbonsi     Gani Saadu     Ambassador Kayode Laro     M.Y. Abdulrahaman     Communication Network Support Services     Zulkifli Ibraheem     Onilorin Of Ilorin     Oke-Kura     MalHub     Issa Baba     Olajumoke Monsura Gafar     Doyin Group     Abdulmajeed Wahab     Olateju Lukman     Yakubu Dogara     Rachael Obisesan     Ajibike Katibi     Balogin Alanamu     Split Diamond Interchange     Bola Magaji     Umar Danladi Shero     Sobi Hill     March 28     Code Of Conduct Tribunal     Aliyu Kora-Sabi     Isaac Aderemi Kolawole     Baruten     Buhari     Oya State     Olusola Saraki     Onilorin     Ilorin Durbar     Abdulwahab Ololele     Musa Yeketi     Oasis Muslim Care Foundation     Forgo Battery Company Limited    

Cloud Tag: What's trending

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

Arandun     Alapado     Kisra     Segun Olawoyin     Muhammed Mahe Abdulkadir     Abdulrasheed Lafia     Peter Obi     Just Law Forum     Ayinke Saka     Ogbondoroko     Ndama Al-hassan     New Model Police Station     Rafiu Olasile     Fatai Olodo     Rabiu Kwankwaso     Sabo-Oke     Alaiye     Olatunde Michaels     Issa Baba     Sherif Sagaya     Abdullateef Abdussalam     Yahaya Seriki     Ibrahim Issa Jetti     Najim Yaasin     Moro     Iyabo Adewuyi     Alfa Belgore     Yomi Ogunsola     Ajase-Ipo     Abdulkadir Jimoh     Saduki Lafiagi     Kola Ologbondiyan     Jare Olatundun     Abraham Ojo     Tunji Folami     Elesie Of Esie     Adamu Ibrahim Sabi     Mansurat Amuda-Kannike     Bayo Mohammed Onimode     Suleiman Yahya Alapansapa     Iyeru Grammar School     Rashidi Yekini     Adanla-Irese     Alore     Garba Idris Ajia     Wole Oke     Jaiz Bank     Abdullahi Adisa Akodudu     Muslimah Entrepreneurship Forum     Ganiyu Taofiq     Gbemi Saraki     MMWG     AbdulRahman Saad     IEDPU     Majlis For Sadakah, Zakat And Waqf     Olaiya Lawal     Ramadhan     Olomu Of Omu-Aran     Ahmad Olanrewaju Belgore     Mohammed Jimoh Faworaja     Omotoso     Lanre Issa Onilu     Adolescent Girls Initiative For Learning And Empowerment     Salihu Ajia     Shuaib Abdulkadir     Abdulrahman Abdulrasak     Yusuf Abdulkadir     Hassan A. Saliu     Sarah Jubril     Onilu     Sa\'adu Salau     Yakubu Gobir     Lukman Oyebanji Fagbemi     Ejidongari     Fatai Adeniyi Garba     Oba Abu     Gbemisola Oguntimehin