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.

Donatus Ejidike     Abdullahi Saadudeen Alikinla     Orisun Igbomina     Offa Poly     Jalala     KWASAA     Oko-Erin     Kubra Kazum     Azeez Bello     Mahmud Ayinla Giwa     Kwara State Internal Revenue Service     Ado Ibrahim     Shururat Olatinwo     Abdulkadir Remi Hawawu     Risikat Lawal     Iyabo Dupe Adekeye     Stephen Fasakin     Adebayo Mohammed Kamaldeen     Kisra     CT Ayeni     Rotimi Oyedepo     Inside Kwara     Oniye     Bond     Rapheal Ashaolu     Shehu Alimi Foundation     Suwa-Arabs     Illyasu Abdullahi     Erubu Oba Zubair     Sebastine Obasi     Ijagbo     Post-utme     Olatunde Jare     Vishvas KOZ Tractors     Akeem Olatunji     Joana Nnazua Kolo     Sunday Fagbemi     Babaloja-General     Ajuloopin     Farouk Salim     Shuaib Abdulkadir     Olaoye B. Felix     Bukola Ajikobi     Oke-Odo     Siddiq Adebayo Idowu Salawu     Okin Biscuits     Chief Of Staff     Oke-Ero     ANCOPPS     Adesoye     Michael Imoudu National Institute For Labour Studies     Mohammed Danjuma     Alore     Harmony Holdings     Popo-Igbonna     Ilorin Water Reticulation     Gbajabiamila     Funmilayo Isiaka Oniwa     Kwara Metro Park     Idi-Ape     Abdulraheem Olesin     Third Estate     SARS     Umar Saro     Jare Olatundun     MATTA Girls Foundation     Mope Dasuki Belgore     Dar-Al-Handasah Consultants     Titus Ashaolu     Shaykh Luqman Jimoh     Ramat Oganija     Makama Of Kaiama     Baruba     08001000100     Asa     Olatinwo     Akom Construction And Engineering Synergy Ltd    

Cloud Tag: What's trending

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

Ibrahim Labaika     Offorjama     Federal College Of Education (Special), Afon     Bashiru Makama     Bashirat Bola Bello     Doyin Awoyale     Hijab     ASUU     Kwarareports     Toyin Abdullahi     Suleiman Idris     Adewuyi Funmilayo     Kazeem Gbolagade     Ayotunde Emmanuel Alao     Ahmed Saidu Rufai     Gbugbu     Baakini     Facemasks     Tunji Olawuyi     Teachers Specific Allowance     Buhari     Erubu Oba Zubair     Ibrahim Abdulkadir Abikan     Abdulrahman Iliasu     Aliyu Salihu     KWASEIC     Wole Oke     Kazeem Oladepo     Arinola Fatimoh Lawal     Toyin Olayinka Tejidini     Tsado Manman     Osinbajo     Jaiz Bank     Kawu     Olateju Lukman     Ella Supreme Tissue Paper     Charles Ibitoye     Gwanara     AbdulQowiy Olododo     Ishaq Salman     Javed Khan     KWTV     Musbau A. Akanji     Nurudeen Mohammed     Simeon Ajibola     Temi Kolawole     Is\'haq Modibbo Kawu     Yusuf Mubarak     Computer Based Test     EndSARS     Ayobami Akanbi     Onilupeju Of Ilupeju     David Adesina     Jare Olatundun     Salau Kabiru Abdullahi     Tunji Moronfoye     Kwara Metro Park     Waheed Ibrahim     Elesie Of Esie     Hajj     Mary Kemi Adeosun     Muyideen Ajani Bello     Akom Construction And Engineering Synergy Ltd     KwaraLearn     Danladi     Segun Abifarin     Aisha Buhari     Osi     Binta Sulyman     Oniwasi Agbaye     Y.A. Abdulkareem     Hamid Bobboyi     Sayomi     Funmilayo Braithwaite     Umar Sanda Yusuf     Marufat Oladosu     Olaiya Lawal