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.

Okin Group     Innocent Okoye     Oko Erin     Royal FM     Olanrewju Okanlawon Musa     Bolakale Kawu     Susan Modupe Oluwole     Clara Nwachukwu     Mufutau Gbadamosi Esuwoye     Ejidongari     Rasaq Jimoh     Jumoke Gafar     Shehu Raheem Adaramaja     Jaigbade Alao     Siraj Oyewale     Illyasu Abdullahi     Dorcas Afeniforo     Alfa Modibo Belgore     Niyi Osundare     SDP     Adedayo Yusuf Abdulkareem     Ajase-Ipo     Sadiq Buhari     Mohammed Katsina Ahmed     Bukola Ajikobi     Ahmad Uthman     Ndama Al-hassan     Florence Saraki     Ibrahim Oniye     Salman Jawondo     Abdullahi Samari     Gwanara     Dauda Adeniran Adeshola     Olupako Of Share     Omupo     Jimoh Bashir     HAMFAT Clinic And Maternity     Vishvas KOZ Tractors     Raji Ayodele Kamaldeen     Funmilayo Braithwaite     IYA YUSUF     Ibrahim Sulu Gambari     Savannah Centre For Diplomacy, Democracy And Development     Ibrahim Mashood     Awodun     Al-Adaby     Issa Manzuma     Asa     Bayer Nigeria Limited     Oja-Oba     Wahab Issa     National Information Technology Development Agency     A.G.F Abdulrasaq     Samuel Elizabeth Keatswa     Aisha Abodunrin Ibrahim     All Peoples Party     NIRSAL     Police Commissioner     Oniwasi Agbaye     Kale Kawu     Ayodele Kuburat Olaosebikan     Alabi Lawal     Idris Garba     Tunji Olawuyi     Tunde Mukaila Mustapha     Suleiman Yahya Alapansapa     Ishaq Oloyede     Computer Based Test     Ahman Pategi University     James Kolo     Abdulrazak Shehu Akorede     Oluwole Dupe     Shururat Olatinwo     Kishira     Maryam Ado Bayero     Kumbi Titilope     Bola Shagaya    

Cloud Tag: What's trending

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

Lawan     Seun Bolaji     Facemasks     Ilorin South Constituency     Saka Balikis Kehinde     Ilofa     Kolo     Sulu Gambari     Kayode Ishola     Wahab Issa     KwaraLearn     Kamaldeen Kehinde     Toyosi Thomas     Sheriff Olanrewaju     Bayo Onimago     Oro Grammar School Old Students Association     Moro     Royal FM     Alabi Olayemi Abdulrazak     Turaki Of Ilorin     Abdulrazaq Magaji     Mumini Ishola Hanafi     Otoge     KWASEIC     Otunba Taiwo Joseph     Aminat Ahmed     Abdullahi G. Mohammad     Aishatu Ahmed Gobir     AbdulRauf Keji     Kola Bukoye     Abdulmumini Sanni Jawondo     Mustapha Akanbi     Maja     Nurudeen Mohammed     Femi Ogunsola     AbdulRazaq AbduMajeed Alaro     Freshvine Nigeria Limited     Sunday Otokiti     Aliyu Kora Sabi     Senate President     Yemi Sanni     Hassan A. Saliu     Abdulhakeem Amao     Tunji Oyawoye     Old Oyo     Olayinka Olaogun     Tsado Manman     National Union Of Road Transport Workers     Femi Gbajabiamila     Maigidasanma     SWAN     Offorjama     Abiodun Jacob Ajiboye     Shoprite     A.E. Afolabi     Amasa     Florence Saraki     Maryam Ado Bayero     Basit Olatunji     Oke-opin     Jumoke Monsura Gafar     Dauda Adeniran Adeshola     Rotimi Oyedepo     Owo Isowo     Ayo Salami     Abdulrazaq Adebayo     Samari     Saidu Yaro Musa     Rasaq Jimoh     PharmAccess Foundation     Mumeen Lah     General Hospital, Ilorin     Ridwan Agboola     KWTV     Hijaab     Kishira     Kazeem Gbolagade