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.

Nigerian Correctional Service     Agbarigidoma     Patience Jonathan     Aliyu Muyideen     Wasiu Odewale     Olosi Of Osi     Fatimoh Lawal     Alabi Olayemi Abdulrazak     Col. Taiwo     Sheikh Alimi     Shaykh Luqman Jimoh     Aliyu Salihu     Kunle Akogun     Christopher Tunji Ayeni     Garuba Alikinla Shittu     Baba Idris     Presidential Election     Suleiman Ajadi     Rachael Obisesan     Gbemisola Oguntimehin     Yusuf Aiyedun     Danladi     SAPZ Project     Durbar     Abdulkadir Remi Hawawu     Ubandawaki     Oba Abdulraheem     Olohungbebe     Crystal Corner Shops     Yomi Adeboye     Coalition Of Kwara North Groups     Just Law Forum     Abdulkadir Jimoh     Marafan Shonga     Bola Iyabo Ibiyeye Adisa     Muhammadu Buhari     Elerinjare     Sulaiman Gado     Government House     Playing Host     Yemi Osinbajo     Kayode Alabi     Atunwa     Mahmud Durosinlohun Atiku     Abubakar Abdullahi Bata     Bola Magaji     Face Masks     Kwara State Television (KWTV)     Jide Oyinloye     Abubakar Lah     Ishola Abdullahi     Sulyman Abdulkareem     Raliat Islamic Foundation     Charles Ibitoye     Micheal Imoudu     Apaokagi     AbdulRauf Keji     Taofeeq Olateju     Ahmed Shuaib Buranga     Alimi Abdulrazaq     Imodoye Writer’s Enclave     Abdullahi AbdulMajeed     Oba Abu     IHS Towers     Shade Omoniyi     Yusuf AbdulRasheed     Aminat Ahmed     International Public Sector Accounting Standards     Donatus Ejidike     VADA     Suleiman Yahya Alapansapa     Durosinlohun Kawu     Moro     Jimoh Saadudeen Muhammed     Ilorin Durbar     Riskat Opakunle     Patigi Regatta    

Cloud Tag: What's trending

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

Osinbajo     Otoge     Al-Hikmah University     Wahab Abayawo     Saliu Ajibola Ajia     Wole Oke     Dankaka     TIIDELab     Muhammadu Buhari     Rafiu Ajakaye     Okin High School     Council Of The Wise     UNILORIN Alumni Association     Sa\'ad Alanamu     Oko-Erin     Special Agro-Industrial Hub     Mahee Abdulkadir     Lanre Aremu     Aiyedun     Ibrahim Kayode Adeyemi     Toyosi Thomas     Just Event Online     Erin-ile     Babatunde Idiagbon     Aliyu Alhassan     Geri-Alimi Split Diamond Interchange     Emir Of Shonga     VADA     Esuwoye     Saliu Oluwole     Alfa Belgore     CCT     Wahab Issa     BIR     Elese Of Igbaja     Abdul Jimoh Mohammed     Nigeria Foundation For Artificial Intelligence     Jamila Bio Ibrahim     Yaman     Igosun     Ayekale     Abdulrauf Aliyu     Baboko     Elekoyangan     Saka Abimbola Isau     Bayo Lawal     Simeon Sayomi     Usman Yunusa     Olatunji Ayeni     Albert Ogunsola     Abdul-Rahoof Bello     AGF Abdulrazaq     Abdulhakeem Amao     Bureau Of Lands     Bahago     Razaq Atunwa     Salmon Babatunde Salmon     Abiodun Jacob Ajiboye     AbdulQowiy Olododo     Egbejila     Olatunde Olukoya     Bello Abubakar     National Union Of Road Transport Workers     Abdulfatai Ahmed     Markaz Arabic And Islamic Training Institute, Agege     Jimoh Saadudeen Muhammed     Hauwa Nuru     Abdulmajeed Abdullahi     Chief Imam Of Ilorin     Ajeigbe     Bola Tinubu     Suleiman Idris     Bilikis Oladimeji     Sam Onile     Ilorin East/South Federal Constituency     Mahmud Durosinlohun Atiku     Kannike