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.

Jare Olatundun     Wahab Abayawo     Saad Belgore     BIR     Hydro-electric Power Producing Areas Development Commission     Moshood Mustapha     Towoju     Lithium Deposit     Ahmed Alhasssan     Facemasks     Bursary     Femi Gbajabiamila     Alabi Lawal     Kwara State Football Association     Shuaibu Yaman     Adebara     Habeeb Abdullahi Al-Ilory     Salmon Babatunde Salmon     Adamu Jemilat-Baki     NYSC     Bayo Mohammed Onimode     Orire     Popo-Igbonna     Lola Olabayo     Ilorin Central Mosque     Atiku     Timothy Olatunde Fadipe     Ibrahim Mashood     Abubakar Aliagan     Suleiman Rotimi Iliasu     Elerin Of Adanla     Sam Okaula     Charcoal     Tunji Arosanyin     NIPOGA     Halimat Yusuf     Abdulazeez Uthman     Niyi Ogundiran     ITEM 7     Sunday Popo-Ola     Abdulkadir Jimoh     Abdulwahab Ololele     Law School Scholarship     Gbajabiamila     Henry Olaosebikan     Ahmed Mohammed Rifun     Barakat Community Secondary School     Sebastine Obasi     Ajidagba     Yusuf Abdulraheem     Abiodun Jacob Ajiboye     Quareeb Islamic Association     Bola Iyabo Ibiyeye Adisa     Mohammed Katsina Ahmed     Ahmed Bayero     Idiagbon     Saka Isau     Lukman Adeloyin     Rihanat Ajia     Olajumoke Monsura Gafar     Ifelodun     Kwara State Branch Of The National Library     Olatunde Michaels     Riskat Opakunle     Aasiyat Bello Oyedepo     Salihu Ajia     Oni Adebayo     Ilorin Water Reticulation     Jeunkunu-Malete-Bani     Ahmed Idris Mohammed     Khairat Gwadabe     Mufti Of Ilorin     Aso-ofi     Nigeria Foundation For Artificial Intelligence     Seni Saraki     Sa\'adu Salahu     Alfa Belgore    

Cloud Tag: What's trending

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

Alapansapa     Offa Descendants Union     Adamu B. Yaqubu     Abubakar Baba     Falokun-Oja     Yakub Ali-Agan     Mustapha Olanipekun     Aso Ofi     Yusuf Lanre Badmas     International Public Sector Accounting Standards     Okin Biscuit     Abubakar Abdullahi Bata     CACOVID     Jeunkunu-Malete-Bani     Vasolar Consultoria     Hydroelectric Power Producing Areas Development Commission     Alore     Yemi Sanni     Alabi Lawal     Maryam Nurudeen     Jawondo     Ayeyemi Sulaiman     Omoniyi     Aisha Ahman-Pategi     Owo Arugbo     Dunmade     Aisha Buhari     Kulende     Olumide Daniel Ibitoye     Aliyu U. Tilde     Sobi FM     Saka Adeyemo     Government Girls’ Day Secondary School Pakata     Khadijat Ayoola Yusuf     EFCC     Tunji Arosanyin     KWIRS     Saba Mamman Daniel     Apata Ajele Secondary School     Umar Bayo Abdulwahab     Abdulrahman Abdulrasaq     Durbar     Moro     Bukola Saraki     Sardauna Of Ilorin     Chemiroy Nigeria Limited     Shuaibu Yaman     Iyiola Oyedepo     Yusuf Abdulkadir     Wole Oke     Gbugbu     Ibrahim Abdullahi     Donatus Ejidike     Ishola Balogun Fulani     Dauda Adesola     Sarafadeen Kayode Akorede     Balogun Fulani     Abiodun Jacob Ajiboye     Olabimpe Olani     Ibrahim Taiwo Road     Abdulhakeem Adelaja Amao     AbdulRazaq Jiddah     Femtech     Voices Of Tomorrow     Babaita     LEAH Charity Foundation     Ajidagba     Oke-Ogun     Abubakar Ndakene     Haliru Yahaya     Women Radio     International Vocational Centre     Taofeek Ibraheem     Otunba Taiwo Joseph     Third Estate     Kwara Volleyball Association     Eghe Igbinehi