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.

Abdulahi Abubakar Bata     Ayinde Oki     NURTW     Samuel Olusegun Adedayo     Apado     Olatomiwa Williams     Buari Edun     GRA     Olaosebikan     Kunle Okeowo     Igbomina     Tafida     Sardauna Of Ilorin     Ibrahim Taiwo     Tsaragi/Share     Okedare     Ilofa     EndSARS     Rasaq Jimoh     Yekini Adio     Kwara United     Halidu Danbaba     Shuaib Jawondo     SSA Youth     Shuaib Olarongbe     Hameed Oladipupo Ali     Abdulkadir Remi Hawawu     Yekeen Alabi     Aliyu Alhassan     Rafiu Ibrahim     Idowu Aremu     Iyabo Adewuyi     Congress For National Consensus     Post Utme     Madawaki Of Ilorin     Lawal Jimoh     Ibikunle Ogunleye     Azeez Bello     Afonja Descendants Union     Shehu Salau     Sa\'ad Alanamu     Abdulrahman Abdulrasak     Afusat Nike Ibrahim     Sobi     Abdulganiyu Oladosu     Ladi Hassan     Apata Ajele Secondary School     Centre For Community Empowerment And Poverty Eradication     Wahab Agbaje     Ajibola Saliu Ajia     Shettima Of Ilorin     Omupo     Nigerian Army     Olumide Daniel Ibitoye     Aso-ofi     Kayode Ishola     Haliru Yahaya     Kolawole Bashirat     Shehu Raheem Adaramaja     Oloriegbe     Kunle Suleiman     Nurudeen Mohammed     Leke Ogungbe     Clement Yomi Adeboye     Haliru Dantoro     Hassan Taiye Salam     Oluwatoyin Lukman     3MTT     MMWG     Mamman Saba Jibril     Sadiq Buhari     Lukman Adeloyin     Garba Idris Ajia     Facemasks     Mamatu Abdullahi     Oloje     Ganmo Power Sub-Station    

Cloud Tag: What's trending

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

Kannike     CCT     Adijat Adebiyi     Moji Makanjuola     Kishira     Sarkin Malamai     Sola Saraki University     Olateju Lukman     ASMAU PLAZA     Yetunde Balogun     Yusuf Aiyedun     Elelu     Isaac Gbenle     NURTW     IDPU     Ilorin Innovation Hub     Ilorin West     Democracy Day     Gbenga Adebayo     Waziri Yakubu Gobir     Bola Iyabo Ibiyeye Adisa     Umar Danladi Shero     ER-KANG     Abdulrazaq Adebayo     Abraysports FC     Issa Manzuma     Durosinlohun Atiku     Saidu Yaro Musa     Congress For National Consensus     Baboko     Aliyu Adebayo     Countryside Emerging Leaders Fellowship     Abdulahi Abubakar Bata     Lanre Aremu     Kwara Basketball Association     Olatomiwa Williams     FOMWAN     Moses Salami     Raliat AbdulRazaq     Bello John Olanrewaju     Sarafadeen Kayode Akorede     Kunle Akogun     Mohammed Saidu     Isin     Okiki     Bilikis Oladimeji     Olabimpe Olani     Oyelere Oyinloye     Ganmo     Wole Oke     Bamikole Omishore     Valsolar Consultoria     Paul Odama     Aremu Odolaye     Oluwole Dupe     Umar Yakubu Jaja     Iponrin     Onilupeju Of Ilupeju     Olaitan Buraimoh     Ramat Oganija     Oladipo Akanmu Tolani     Bello Oyebanji     Bayo Onimago     Ohoro Of Shao     Solomon Edojah     Kwara Restoration Project     Salami Adekunle     Joseph Bamigboye     Abdulrasheed Lafia     Sodiya     Abdul-Rahoof Bello     Halidu Danbaba     Sulyman Atolagbe Alege     Ali Ahmad     KSIRS     AbdulHakeem Ajibola Akanbi     Ibrahim Mashood