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.

AbdulRazaq Abubakar Jiddah     Femi Ogunsola     Kwara State Geographic Information Service     Samuel Olusegun Adedayo     Air Peace     Kisira     Kwara State Football Association     Eleyele     Abubakar B.M     Naira Redesign     Mazars Consulting     Elerin Of Erin-Ile     Abiodun Jacob Ajiboye     Muslim Stakeholders Of Kwara State     Erin-ile     AbdulRaheem Ahmad Shayi     Turaki     All Confederation Of Principals Of Secondary Schools     ITEM 7     Memunat Monsuma     Muhammad Toyin Sanusi     Oniwasi Agbaye     Omoniyi M. Ayinla     Halimah Perogi     Hassan Saliu     Ilorin Central Mosque     Oko-Erin     Kayode Oyin Zubair     HYPPADEC     Bio Ibrahim     Daud Adeshola     Council Of The Wise     Fareedah Dankaka     Jelili Yusuf     Abdullahi Atanda     Femi Oladiji     Jare Olatundun     Musibau Akanji     Oju Ekun Sarumi     Ibraheem Adeola Katibi     Isaac Gbenle     Lawyers Unite Against Corruption     Hassan A. Saliu     Iliasu     National Party Of Nigeria     Federal Allocation     Oke-opin     Oke-Ero     Adedeji Onimago     Dapo Teni Nig Enterprise     Ilota     Muhammad Ghali Alaaya     Baba Idris     Shuaib Abdulkadir     Saka Asiat Ayinke     Suwa-Arabs     Rafiu Olasile     Offa Descendants Union     Toyin Abdullahi     Yakubu Mohammed Abdullahi     Countryside Emerging Leaders Fellowship     Kwara Politics     Segun Adeniyi     Abdulrasheed Akogun     Sulyman Tejidini     Ibrahim Orire     Ethical College     Ado Ibrahim     Yeketi     Kulende     Mohammed Ibrahim     General Tunde Idiagbon International Airport Ilorin     James Kolo     Kale Bayero     Haashim Initiative For Community Advancement     Oasis Muslim Care Foundation     Omoniyi Ayinla    

Cloud Tag: What's trending

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

Mamman Saba Jibril     Oluwarotimi Boluwatife Adenike     KWASEIC     Sodiya     Yusuf Amuda Aluko     CLAY POT     Principal Private Secretary     BIR     ASUU     Agboola Abdulraheem     Laduba     Siddiq Adebayo Idowu Salawu     Patience Jonathan     Adamu Attah     Senior Special Assistant On Student Affairs     National Party Of Nigeria     Donatus Ejidike     Wahab Egbewole     Olatunji Ibrahim     Boko Haram     Bluenile Associates     Amusa Bello     Nnazua     John Dara     Bilikisu Gambari     Abdulhakeem Amao     Roseline Oni Aremu     Unilorin     Rafiu Ajakaye     Inside Kwara     NaAllah     Ibraheem Abdullateef     Durosinlohun Atiku     Belgore     Raliat AbdulRazaq     Code Of Conduct Tribunal     Dan-Kazeem     Kabir Shagaya     Pilgrims Board     A.E. Afolabi     College Of Health     Forgo Battery     Trader Moni     Saka Isau     Aso Ofi     Yakubu Danladi     Mubarak Oladosu     Woro     Yekeen Alabi     Kwara State Football Association     Kwara State Television (KWTV)     Umar Danladi Shero     Shuaib Abdulkadir     Baruba     Folaranmi Aro     SSA Youth     Abdulganiy Abimbola Abdussalam     Kwara State Polytechnic     Ganiyu Taofiq     Bayo Ajia     Baruten     Salami Adekunle     Imam Gambari     Mumini Ishola Hanafi     Ilofa     Abdulmumini Sanni Jawondo     Ibrahim Abduquadri Abikan     Hussein Olokooba     Kwara Coalition Of Business And Professional Associations     Joseph Daudu     Kishira     Abdulrahman Abdulrazaq     Bankole Omishore     Ibrahim Oniye     Femi Ogunsola     Abdullahi Imam Abdullahi     Makama