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.

Funmi Salau     COVID-19 Palliatives     Lai Mohammed     Maimunat Oniyangi     Government Girls’ Day Secondary School Pakata     Sheikh Hamzat Yusuf Ariyibi     Abikan     Ajeigbe     Elerinjare     Kwara Liberation Group     Christopher Odetunde     Christopher Ayeni     Mohammed Ajia Ibrahim     Omu-aran     Ladi Hassan     Abiodun Abdulkareem     Peculiar Allowance     Hakeem Lawal     Alfa Modibo Belgore     Jani Ibrahim     Adanla-Irese     Falokun-Oja     Musibau Akanji     Idowu Laro     Kayode Laro     Kuliyan Geri     Oba David Oyerinola Adedunmoye     Tunji Olawuyi     Ademola Kiyesola     Ado Bayero     Iqra Books     Ophthalmological Society Of Nigeria     Abdulrazaq Magaji     AbdulRauf Keji     KWASIEC     Yemi Sanni     Lawal Arinola Kudirat     Michael Ologundea     SWAN     KWASAA     KWASSIP     Medinat Folorunsho Salman     Kehinde Boyede     Kolo     Kale Kawu     Egbejila     Muhammad Mustapha Suleiman     Standard Organization Of Nigeria     Simeon Ajibola     Umaru Saro     Ahmad Olayiwola Kamaldeen     IFK     Maigida     Toun Okewale-Sonaiya     Tinubu Legacy Forum     A.O. Belgore     Lotus Bank     Najim Yaasin     Sabo-Oke     Elerin Of Erin-Ile     Ishola Balogun Fulani     Idris Garba     Asa     Abdulkadir Remi Hawawu     Muritala Awodun     Alaiye     Ndama Al-hassan     Pakata Patriots     Mohammed Yisa     Ayobami Seriki     Shehu Jimoh     Shuaib Olarongbe     PPS     Muhammad Sirajo Aliyu     Allocation     Elerin Of Adanla Irese     Irepodun    

Cloud Tag: What's trending

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

Galadiman Ngeri     Oniyangi     UNILORIN Alumni     Yoonus Lawal     Saka Keji     Alabi Lawal     Baba Issa Awoye     Adebayo Salami     Kolawole Bashirat     Haashim Initiative For Community Advancement     Vasolar     KWASIEC     Abubakar Usman Jos     Taofeeq Olateju     Olokoba Sulyman     Mumeen Lah     Bature Bello     LABTOP     Haleeman Salman     Saidu Kawu     Kunle Okeowo     Bola Iyabo Ibiyeye Adisa     Sebastine Obasi     Garuba Alikinla Shittu     Bayer Nigeria Limited     Ifelodun     Mujtabah Bature     Shuaibu Yaman Abdullahi     Ahman Pategi     Osuwa     Eleja Taiwo Banu     FOMWAN     Fatima Abolore Jimoh     John Obuh     Olokoba     Bukola Saraki     KWASSIP     Government Girls’ Day Secondary School Pakata     Garba Ado Sanni     Alabi Olayemi Abdulrazak     Sam Okaula     Press Release     Umar Ayinla Saro     Moro     Oyeyemi Olasumbo Florence     Yusuf Babatunde Abdulwahab     Idiagbon     Galland Marcias     Arinola Fatimoh Lawal     Mohammed Abdulahi     Hydroelectric Power Producing Areas Development Commission     Olatunde Oyeyiola     Ganmo Power Sub-Station     Toyosi Thomas     Ebun-Olu Adegboruwa     Sidikat Uthman Ajibola     Wahab Olasupo Egbewole     Salau Kabiru Abdullahi     Majlis For Sadakah, Zakat And Waqf     KWSUED     Niyi Ogundiran     Elerin Of Adanla Irese     Oju Ekun Sarumi     Dan-Kazeem     Bolaji Abdullahi     Abdulrazaq Solihudeen     Jumoke Monsura Gafar     Akume     AbdulFatai Adeniyi Dan-Kazeem     Leke Ogungbe     Okin Group     Aliyu Muhammad Saifudeen     Jide Oyinloye     Kunle Akogun     Mary Arinde     Ojo Fadumila     Abdulmumini Jawondo