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.

Idi-Ape     NIRSAL     Abdulquawiy Olododo     Sheikh Alimi     Isiaka Rafiu Mope     Hassan Saliu     Elesie Of Esie     Omoniyi     Kwara Restoration Project     Suraj Tunji Oyewale     Olaoye B. Felix     Dan-Kazeem     Aliyu Muhammad Saifudeen     Erubu     Iyeru Grammar School     Asa LGEA School     Saka Onimago     Zara Umar     Yahaya Jibril Usman     Chikanda     Lawan     Idris Amosa Saidu     Kulende     Aisha Ahman Pategi     Photo News     Amina Susa\'a De Ahmed     COVID     Alaro     Shero     Imam Gambari     Centre For Peace And Strategic Studies     Bola Sagaya     Ahman Pategi     Ubandoma     Okasanmi Ajayi     John Olobayo     VADA     Salihu S. Yaru     Kwarareports.com     Budo-Egba     Valsolar     Olohungbebe     Shehu Alimi Foundation For Peace And Development     Olomu     Abdulrasaq Alaro     Kaosarah Adeyi     Maimunat Oloriegbe     GANZY     Harmony Holdings     Ganiyu Abolarin     Mustapha AbdulGaniyu     Ilorin East     Olayinka Oladapo Jogunola     Mohammed Yahaya Barki     April 11     Tescom.kwarastate.gov.ng     Taofik Mustapha     C2c@kwarastate.gov.ng     Ambassador Kayode Laro     Omotoso Musa     Muyideen Ajani Bello     Taiwo Joseph     Shettima     Idowu Aremu     Government High School (GHS), Adeta     Bilikisu Gambari     Oke-Ero     Prince Bola Ajibola     Raji Ayodele Kamaldeen     Opobiyi     CELF     Muhammad Fawaz Abubakar     IESA     Aliyu Alhassan     Federal College Of Education (Special), Afon     Barakat Community Secondary School     Samuel Adedoyin    

Cloud Tag: What's trending

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

Federal Polytechnic Offa     Bayo Lawal     University Road     Oasis Muslim Care Foundation     Odo-Owa     Isaac Aderemi Kolawole     Yakubu Danladi     Aiyedun     Jare Olatundun     Eleyele     Ope Saraki     Playing Host     Kamoru Kadiri     Oyin-Zubair     Monthly Sanitation Exercise     Tunde Akanbi     Bayer Nigeria Limited     Yusuf Babatunde Abdulwahab     IEDPU     Bamidele Aluko     Moshood Mustapha     Akom Construction And Engineering Synergy Ltd     Al-Ilory     Saka Balikis Kehinde     Saka Keji     Ilorin Emirate Staff Association     Shehu Alimi Foundation For Peace And Development     Gamji Members Association     Ibrahim Abikan     Niyi Osundare     Woro     Shuaibu Yaman     Rotimi Atere     Noah Yusuf     Segun Abifarin     LABTOP     Www.Kwarareports.com     Chief Imam Of Offa     Aminat Omodara     Aminu Ado Bayero     Saidu Yaro Musa     Afolasade Opeyemi Kemi     Buari Edun     Valsolar-Kwara Company Limited     Bolaji Nagode     Shao     Gabriel Fashanu     Abdulwaheed Musa     Sunset Workers     Aliyu Salihu     Trade Lenda SME Fair     Abdulfatai Salman Baakini     Funmilayo Isiaka Oniwa     Dairo Kunle Paul     Women Radio     NURTW     Samuel Adedoyin     Presidential Election     Niguel Gallando Marcias     Bola Sagaya     Sarafadeen Kayode Akorede     Soffiyyallah Kamaldeen     Mumeen Lah     Kola Ologbondiyan     Ijagbo     Kisra     Rapheal Ashaolu     Titus Ashaolu     Sa\'adu Salahu     Olomu     Jimoh Akani     Iyabo Adewuyi     Ajeigbe     Abdulquowiyu Olododo     Isiaka Gold     David Oyedepo     Muslim Stakeholders Of Kwara State