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.

Afolabi-Oshatimehin Adenike Harriet     Yakubu Mohammed Abdullahi     Olupako Of Share     Abdulkarim Adisa     Olaitan Buraimoh     Yusuf Abdulraheem     David Oyedepo     Yinka Aluko     Alapansapa     IESA     Tinubu     Muhammadu Gobir     Abdulmutalib Shittu     Suleiman Rotimi Iliasu     Saka Saadu     Olaiya Zuberu     Hijab     Oke-Odo     UNILORIN Alumni Association     Opaleke Bukola Iyabo     Bello Abubakar     Durosinlohun Kawu     Nigerian Correctional Service     Agboola Babatunde     Isiaka Alikinla     Oluwatoyin Lukman     New Naira Notes     Abraham Ojo     Yomi Adeboye     Tunde Oyawoye     Shehu Salau     Ahmed Idris Mohammed     George Innih     Salaudeen Oyewale     The Herald     Kayode Ogunlowo     Razaq Ayobami Akanbi     Jamiu Oyawoye     Simeon Ajibola     Gwanara     Nigeria Association Of Women Journalists     Obuh     Mohammed Jimoh Faworaja     Ilorin Emirate     SDP     Bola Olukoju     Geri-Alimi Split Diamond Interchange     Sobi Hill     Yekeen Alabi     IQRA College     Olaosebikan     Aiyedun     Yusuf Aiyedun     Special Agro-Industrial Hub     Bola Sagaya     Royal FM     Muhammad Fawaz Abubakar     Abubakar Baba     Hassan Saliu     Kwara TV     Gbenga Awoyale     Suraj Tunji Oyewale     YAKOOYO     Raimi Iyanda     Ladi Hassan     Code Of Conduct Tribunal     Olabanji Orilonishe     Mumeen Lah     Jaigbade Alao     Sheriff Olanrewaju     Bankole Omishore     Taofeek Ibraheem     Kolawole Bashirat     Gurei     Sola Saraki Educational Foundation     Kwara Hotel     Oloyede    

Cloud Tag: What's trending

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

Apaokagi     Funmilayo Zubair     Kubra Kazum     Olaiya Zuberu     Donatus Ejidike     Toyin Falola     Owu Fall     Muideen Olaniyi Alalade     Bluenile Associates     Abubakar Bature Sulu-Gambari     Modibo Kawu     Kwarareports     Aminat Omodara     Esuwoye     Pilgrims Board     Ayodele Kuburat Olaosebikan     Adeniyi Ojo     Timothy Akangbe     Muyiwa Oladipo Kanu     Bello Abubakar     Amos Sayo     Gbemisola Saraki     Yusuf Amuda Gobir     Deji Ajani     NaAllah     Al-Hikmah Radio     David Oyerinola Adedunmoye     Afolabi-Oshatimehin Adenike Harriet     Danhawa     Balogin Alanamu     Isiaka Abdulrazak     Kwha.gov.ng     Surajudeen Akanbi     Bilikisu Oniyangi     Samuel Elizabeth Keatswa     Mope Dasuki Belgore     Elerinjare     Nigeria Governors\' Forum     Naira Redesign     Christopher Ayeni     YAKOOYO     Abubakar Olusola Saraki     Idris Amosa Oladipo Saidu     Aro Yahaya     Suleiman Abubakar     NURTW     Albert Ogunsola     Shehu Alimi Foundation For Peace And Development     Towobola Abdulrahman Toyin     Yakubu Mohammed Abdullahi     Just Law Forum     Abdulrazaq Sanni     General Hospital, Ilorin     Shonga     Oya State     NYSC     Yekini Adio     Agbarere     Oniwasi Agbaye     Paul Odama     Lithium Deposit     Kwara United     Baba Isale     HYPPADEC     Saka Adeyemo     Ibrahim Oloriegbe     Sunday Popo-Ola     TIIDELab     Oke-Ogun     Riskat Opakunle     April 11     Aliyu Kora Sabi     RTEAN     Mufutau Gbadamosi Esuwoye     Muslim Media Watch Group Of Nigeria     Special Agro-Industrial Hub     Kwara State Fire Service