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.

Federal College Of Education (Special), Afon     Garuba Alikinla Shittu     National Party Of Nigeria     Salihu Ajia     Awwal Jawondo     Umar Gunu     Agor Market     Adamu Ibrahim Sabi     Orisun Igbomina     Babaita     Iyeru Grammar School     Funmilayo Mohammed     Oba Abdulkadir La\'aro     Alabi Olayemi Abdulrazak     Cassava Growers\' Association     Elerinjare     Ibraheem Adeola Katibi     Musa Yeketi     Ibrahim Labaika     National Broadcasting Commission     Ajasse-Ipo     Suleiman Alege Kuranga     Rotimi Oyedepo     Sulaiman Gado     UITH     Abdulrahman Abdulrasaq     Funke Adedoyin     Kwara State Football Association     Ibrahim Gambari     Photo News     Kwara 2019     Ishak Mohammed Sabi     Logun     Oye Tinuoye     Mohammed Ajia Ibrahim     Age AbdulKareem     Bayer Nigeria Limited     Hydroelectric Power Producing Areas Development Commission     Islamic Development Bank     Unicontinental Construction Company     Zainab Abass     Adamu Attah     Salihu Yahaya     Matthew Okedare     Okiki     Ilorin Emirate Stakeholders Forum     Ibrahim Jawondo     Olota Of Odo-Owa     Olabanji Orilonishe     Abdulkadri Ahmad Alaiye     Seed Technologies     Osuwa     Olugbense     V.O. Abioye     Seun Bolaji     Alumni Association Of The Federal Polytechnic Offa     Hajj     Mohammed Lawal Bagega     Sam Onile     Kwara State Infrastructure Development Fund     Moshood Bakare     Henry Olaosebikan     Kwara State Sports Commission     Ilorin Metro Park     Olatunde Michaels     Yakub Lai Gobir     Sambo Murtala     Bolakale Saka     Mahe Abdulkadir     Ibrahim Abdulqadir Abikan     Quarry Royal Valley     Taofik Mustapha     Abdullateef Abdussalam     Offa Poly     AbdulHamid Adi     Opolo Global Innovation Limited     Shuaib Jawondo    

Cloud Tag: What's trending

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

Salihu Alhaji Musa     Suleiman Rotimi Iliasu     AbdulFatai Adeniyi Dan-Kazeem     John Obuh     Tunde Yusuf     Nigerian Medical Association     Mahe Abdulkadir     Suleiman Idris     Iliasu     Lawal Olohungbebe     Saka Isau     Idi-Ape     Ibrahim Abdullahi     Kunle Suleiman     Bamidele Adegoke     Segun Ogunsola     KW-GIS     SSA Youth Engagement     Gbenga Awoyale     Zubair Folorunsho Erubu     Hauwa Nuru     08001000100     Vasolar Consortium     Hassan Taiye Salam     Hussein Oloyede     Garba Ado Sanni     Garment Factory     Kanu Agabi     Alapado     Baba Adini Of Kwara State     Adedipe     Abdulahi Abubakar Bata     Eghe Igbinehi     Oasis Muslim Care Foundation     Makama Of Ilorin     Quarry Royal Valley     NSCIA     Zara Umar     Baaziki Sulaiman     Odo-Owa     Abubakar Lah     Shao     Niyi Osundare     Alaiye     Michael Nzekwe     Saadu Yusuf     Olabimpe Olani     March 28     Abdulganiyu AbdulAzeez     Maryam Ado Bayero     Salman Jawondo     Muhammad Yahya     Bola Magaji     Garba Dogo     Ibrahim Akaje     Salman Suleiman     Agor     Ebola     Ndakene     Musa Ayinla Yeketi     Abdulganiy Abimbola Abdussalam     Hydro-electric Power Producing Areas Development Commission     Jide Oyinloye     Junior Secondary School Certificate Examinations     Olokoba Abdullahi Ayinla     Abdulrazaq Magaji     Police Commissioner     Abraham Ojo     Bashir Omolaja Bolarinwa     Oladimeji Thompson     Danhawa     Nurudeen Muhammed     Paul Odama     Mohammed Saidu     Okoolowo     HYPPADEC     Offa Poly