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.

Yinka Aluko     Bolakale Ayo     Quareeb     Kolo     NYSC     Quarry Royal Valley     Abdulrasheed Lafia     Afolabi-Oshatimehin Adenike Harriet     Alimi Abdulrazaq     Afusat Nike Ibrahim     Abdulahi Abubakar Bata     Tunji Folami     Kwara State Health Insurance Agency     Abubakar Imam     Daud Adeshola     Vasolar Consultoria     Agbarere     SAPZ Project     Saba Jibril     Awili Pedro     Adesina Simon Sodiya     Owode Market     Atiku Abubakar     Kwara Pdp     Danladi     Modupe Oluwole     Muyiwa Oladipo Kanu     Ibraheem Abdullateef     SDP     11th Galadima     Elelu     Kannike     Ronke Adeyemi     Amosa     Abubakar Abdullahi Bata     Apado     Vasolar-Kwara Company Ltd     Idowu Aremu     Markaz Arabic And Islamic Training Institute, Agege     International Aviation College     Yahya Mohammed     Aisha Gobir     Kwara State Council Of Chiefs     Lukman Adeloyin     Amuda Musbau     Abdullahi AbdulMajeed     Transition Implementation Committee     Afonja     Mutawali     Salman Suleiman     Abdulmumini Jawondo     Aliyu Umar     Bureau Of Lands     Read With Me     Abdulquowiyu Olododo     Oyelere Oyinloye     Moses Salami     Olusegun Adeniyi     Kwara United     Muideen Olaniyi Alalade     Babajide Ajayi     Afolabi-Oshatimehin     Omu-aran     Olaiya Zuberu     College Of Arabic And Islamic Legal Studies     Abdulrahman Abdulrazaq     Assayomo     Rotimi Oyedepo     Undergraduate Bursary     New Naira Notes     Oloriegbe     Aliyu Muyideen     Jaiz Bank     Sabitiyu Grillo     Lotus Bank     Kwara North     SUBEB    

Cloud Tag: What's trending

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

Najim Yaasin     Innocent Okoye     Titus Ashaolu     Akanji     Kamaldeen Ajibade     Rex Olawoye     Abdulsalam A. Yusuf     AGM Professional Services     Suleiman Ajadi     Code Of Conduct     NAWOJ     Kawu     Col. Taiwo     Ilorin Muslim Community     James Kolo     Siraj Oyewale     Maryam Ado Bayero     Standard Organization Of Nigeria     Isiaka Danmeromu     Kehinde Boyede     Sherif Sagaya     Kola Adesina     Abdulrazaq Sanni     Oba Abdulrahim     Yahya Mohammed     Kwara State Television (KWTV)     Kayode Yusuf     Taofik Abdulkareem     Adedayo Yusuf Abdulkareem     Emir Of Lafiagi     Bola Sagaya     Bilikisu Oniyangi     Kuliyan Geri     ITP     Umar Yakubu Jaja     Bukola Saraki     Cassava Growers\' Association     Yusuf Mubarak     College Of Education     Muslimah Entrepreneurship Forum     Sheriff Shagaya     Oja-Oba     Ilorin Talaka Parapo (ITP)     Saadu Yusuf     Lawyers Unite Against Corruption     Oladipo Akanmu Tolani     Law School Scholarship     Oyedepo     Overland     Islamic Development Bank     Olatunji Ayeni     Wahab Olasupo Egbewole     Moses Afolayan     Fatimoh Lawal     Aminu Adisa Logun     Trader Moni     Isiaka Rafiu Mope     Valsolar Consortium     Samuel Olusegun Adedayo     Joseph Offorjama     Kwara Primary Health Care Development Agency     Talaka Parapo     RTEAN     Yusuf A. Usman     Mashood Dauda     IESA     Tunji Moronfoye     Majlis For Sadakah, Zakat And Waqf     Olusin Of Ijara Isin     Olawuyi     Yusuf Amuda Abubakar     Babaita     Tinubu     Atiku     Idiagbon     Mansur Alfanla     Samuel Adedoyin