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.

Shade Omoniyi     Ladi Hassan     State Bureau Of Internal Revenue     Local Government Pension Board     Joseph Bamigboye     Illyasu Abdullahi     Medinat Folorunsho Salman     Awili Pedro     Kisra     Babaloja-General     Odo-Owa     Earlyon Technologies     Nigerian Medical Association     Abdulrahman Onikijipa     Samuel Olusegun Adedayo     Tunji Oyawoye     Kazeem Gbolagade     Ebun-Olu Adegboruwa     Jawondo     Abdulmajeed Abdullahi     Boko Haram     Ilorin Water Reticulation     Usman Yunusa     Tunde Mukaila Mustapha     Ajibike Katibi     Kulende     Eleja Taiwo Banu     Tunde Idiagbon Road     Unilorin FM     Alabere     Saad Belgore     Oyin-Zubair     Fola Consultant     Sunday Fagbemi     Asa LGEA School     Elerinjare     Ella Supreme Tissue Paper     Ramadhan     Aisha Ahman Pategi     Toyin Sanusi     KwaraLearn     National Information Technology Development Agency     20 Billion Bond     Tinubu Legacy Forum     Kwara Volleyball Association     Nigeria Computer Society     Olayinka Olaogun     Teachers Specific Allowance     Aisha Abodunrin Ibrahim     Shaaba Lafiagi     Funmi Salau     Tsaragi/Share     Jimoh Lambe Abdulkareem     Ambassador Kayode Laro     Tsado Manman     Yusuf Lanre Badmus     Donatus Ejidike     Abdulrahman Abdullahi Kayode     John Olobayo     Moji Makanjuola     Ronke Adeyemi     IHS Towers     Ishak Mohammed Sabi     Saeedat Aliyu     Borgu     Toyin Falola     Yakubu Gobir     Abdullahi Biffo     Government House     Abegunde Goke     Adam Abdullahi Al-Ilory     Imodoye Writer’s Enclave     Arinola Lawal     Ibrahim Sulu Gambari     Lithium Deposit     Olaiya Zuberu     Nigerian Correctional Service    

Cloud Tag: What's trending

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

Unicontinental Construction Company     Olatunde Olukoya     Usman Alkali Baba     Abubakar Usman Jos     Maryam Nurudeen     United Nigeria Airline     Jamiu Oyawoye     Abubakar Ndakene     Basit Olatunji     Kayode Zubair     Kassim Babamale     Oluronke Adeyemi     Police Commissioner     Daud Adeshola     Durosinlohun Kawu     Oro Grammar School     Olaiya Lawal     Alaiye     TIIDELab     Bola Magaji     Kwara Volleyball Association     Amuda Aluko     YAKOOYO     Isa Aremu     Park     Funmilayo Oniwa     Bello Taoheed Abubakar     Junior Secondary School Certificate Examinations     Fatimah Abdulkadir     Alabere     IHS     Kwasu     Joseph Daudu     Forgo Battery     Toyin Sanusi     Babatunde Ajeigbe     Joseph Bamigboye     Lateef Ademola Olatunji     AbdulRahman Saad     Jide Ashonibare     Wasiu Onidugbe     Awodun     Kunbi Titiloye     Ishaq Oloyede     Alaro     Baakini     Abdulganiyu AbdulAzeez     Shuaibu Yaman     Kayode Bankole     Nigerian Army     Post Utme     Salihu Yahaya     Ibrahim Jawondo     Folashade Omoniyi     Bayo Mohammed Onimode     Madawaki Of Ilorin     A.G.F Abdulrasaq     Ahmad Olanrewaju Belgore     Bello Bature     Oyedun Juliana Funke     Tafida     Moshood Kashimawo Abiola     All Confederation Of Principals Of Secondary Schools     Hijab     Ahman Pategi University     Valsolar-Kwara Company Limited     Titus Suberu-Ajibola     Yekeen Alabi     Okoolowo     Charcoal     Maimunat Oloriegbe     Dumagi     Abiodun Jacob Ajiboye     GANZY     Musa Abdullahi     Bashiru Makama     Kwara United