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.

Otoge     Public Holiday     Olokoba Abdullahi Ayinla     Ibrahim Taiwo     Dorcas Afeniforo     Mohammed Katsina Ahmed     Roheemat Hammed     National Pilot     George Innih     Government High School Adeta     Khadijat Ayoola Yusuf     Abiodun Musa Aibinu     Theophilus Oyebiyi     Sayomi     Baba Issa     United Nigeria Congress Party     Olayinka Oladapo Jogunola     Segun Ogunsola     Kwara-SAPZ Project     CT Ayeni     Babajide Ajayi     Emmanuel Olatunji Adesoye     Soffiyyallah Kamaldeen     Mohammed Jimoh Faworaja     Simeon Sayomi     Isaac Gbenle     Aasiyat Bello Oyedepo     KWAFFA     Kaiama     Bello Abubakar     Binta Abubakar Mora     International Public Sector Accounting Standards     Fola Consultant     Salman Alada     Senior Special Assistant On Student Affairs     Taofeek Ibraheem     Okasanmi Ajayi     Oyedun Juliana Funke     Ibrahim Jawondo     Abdulwahab Ololele     Air Peace     Michael Imoudu National Institute For Labour Studies     Sidikat Uthman Ajibola     Mohammed Ibrahim     Sango-UITH Road     Ahmed Bolaji Nagode     Agboola Abdulraheem     Pilgrims Board     Lucky Omoluwa     Aminu Ado Bayero     Olatunji Abdulmumeen     Quranic Recitation Competition     Sulyman Age AbdulKareem     Chartered Institute Of Personnel Management Of Nigeria     Jalala     Markaz Arabic And Islamic Training Institute, Agege     Nigeria Computer Society     Yakubu Danladi     Ita-Nmo Market     Umar Ahmed Gunu     James Ayeni     Aliyu Kora-Sabi     Ilorin East/South Federal Constituency     Olomu     NNPP     Bayer AG     Ishak Mohammed Sabi     Trader Moni     Academic Staff Union Of Universities     Gurei     Yeketi     Adedayo Yusuf Abdulkareem     Toun Okewale-Sonaiya     Rapheal Ashaolu     Isiaka Abdulrazak     TETFUND     Oyeyemi Olasumbo Florence    

Cloud Tag: What's trending

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

Woro     Abdullateef Abdussalam     Ahmed Mohammed Rifun     Rihanat Ajia     Igosun     Jumoke Gafar     Innocent Okoye     Shero     Amina El-Imam     Economic And Financial Crimes Commission     Adedipe     Bola Magaji     Agboola Abdulraheem     Ilorin West     Abdulganiy Abimbola Abdussalam     Sulyman Abdulkareem     Bello Abubakar     Jimoh Bashir     Haleeman Salman     Lola Olabayo     Naira Redesign     Ibrahim Bio     AbdulRauf Keji     Raliat AbdulRazaq     Yusuf AbdulRasheed     Suleiman Mora Omar     KWASEIC     Yoonus Lawal     Hydroelectric Power Producing Areas Development Commission     Afonja     Baba Adini Of Kwara State     Tricycle Owners Association Of Nigeria     Amuda Aluko     Olugbense     Aishat Sulu-Gambari     Yahaya Muhammad     Bisi Kristien     Olayinka Olaogun     KSIRS     Magaji Are     Akume     Unilorin FM     Oya State     Abubakar Lah     Ibrahim Oniye     Sadiq Umar     Shehu Jimoh     Bello Oyebanji     Afetu Of Alabe     Yeketi     Alimi Abdulrazaq     Code Of Conduct Tribunal     Ahmed Idris Mohammed     Taiwo Joseph     Abdulrosheed Okiki     Titus Suberu-Ajibola     REO CAKES     NITDA     Buhari     Al-Adaby     Bolaji Aladie     ER-KANG     Abdulrahman Abdulrazak     Mamman Saba Jibril     Dagbalodo     Veterinary Teaching Hospital     Mohammed Ibrahim     Lateef Fagbemi     Titus Ashaolu     Abdulrazak Shehu Akorede     Olomu Of Omu-Aran     Photo News     NIRSAL     Ilorin Likeminds Foundation     CCB     Olukotun Of Ikotun     Emir Of Ilorin