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.

Afin Descendants Union Of Odo-Owa     ASMAU PLAZA     Yusuf Badmus     Sarakite     Lithium     Imam Gambari     NFAI     Waheed Ibrahim     Folajimi Aleshinloye     Bola Shagaya     COEASU     Saka Abimbola Isau     Siddiq Adebayo Idowu Salawu     Assayomo     Moronfoye     Razak Atunwa     Abdulkadir Bolakale Sakariyah     Alloy Chukwuemeka     Jamiu Oyawoye     Yusuf Mubarak     Abdulmutalib Shittu     Alfa Modibbo Belgore     Ahmad Uthman     Bola Sagaya     Senior Staff Union Of Colleges Of Education     Yomi Adeboye     Government House     Okanlawon Musa     Olomu Of Omu-Aran     Ridwan Agboola     Leke Ogungbe     Shoprite     Doyin Awoyale     Kwara 2019     Jawondo     Idowu Laro     Yeketi     Olaiya Zuberu     Government High School Adeta     Micheal Imodu-Ganmo Road     Aisha Buhari     Michael Ologundea     A.E. Afolabi     Abdulkadir Orire     Halimah Perogi     Senate Presidency     Bello Abubakar     AbdulKareem Yusuf Danhawa     Abdulmumin Yinka Ajia     IEDPU     Garment Factory     Ilorin Durbar     David Oyerinola Adedunmoye     Muhammad Ghali Alaaya     Frootify     Omar Bolaji Gambari     Muhammad-Mustapha Suleiman     Adamu Attah     Muhammadu Gobir     IFK     Funmilayo Isiaka Oniwa     Hijab     Share-Tsaragi     Abdulazeez Uthman     Mamman Saba Jibril     AGILE Programme     Obuh     Yusuf Lanre Badmus     Taofik Abdulkareem Babaita     CELF     Hydroelectric Power Producing Areas Development Commission     Muslim Stakeholders Of Kwara State     Adedeji Onimago     Damilola Yusuf Adelodun     Segun Ogunsola     Kwara 2015     Wasiu Onidugbe    

Cloud Tag: What's trending

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

Ajasse-Ipo     Abubakar Ndakene     Firdaos Amasa     Abdulrahman Abdulrazaq     Olatunji Bamgbola     Ahmed     Saka Aleshinloye     Abdul-Rahoof Bello     Paul Olawoore     Nigeria Foundation For Artificial Intelligence     Bamidele Adegoke     Orisa Bridge     Kpotum Mohammed Baba     Ayodele Shittu     Isiaka AbdulRazaq     Economic And Financial Crimes Commission     Salaudeen Oyewale     Kehinde Baale     NaAllah     AbdulQowiy Olododo     Abdulmumini Jawondo     Agor     Olota Of Odo-Owa     Saka Adeyemo     Olabanji Orilonishe     Seni Saraki     Ayeyemi Sulaiman     Sulyman Tejidini     Bio Ibrahim     Shaykh Luqman Jimoh     Abubakar Baba Sulaiman     BECE     SDP     Ajuloopin     Kwara State Coalition Of Business And Professional Associations     Oba David Oyerinola Adedunmoye     Adijat Adebiyi     Yunus Lawal     Abdulrasheed Lafia     Samuel Olusegun Adedayo     Okeose Christian Cementary     Khadijat Ayoola Yusuf     Oke Sunna     Kayode Oyin Zubair     Prince Sunday Fagbemi     Ilorin International Airport     Ayodele Kuburat Olaosebikan     Roheemat Hammed     National Association Of Nigerian Students     Bond     Memunat Monsuma     Student Learning Support Helpline     Arinola Fatimoh Lawal     Abubakar B.M     NSCIA     AbdulRazaq AbduMajeed Alaro     11th Galadima     Doyin Group     Lanre Issa Onilu     Mahfouz Adedimeji     Ahmed Alhasssan     Saidu Yaro Musa     Mohammed Abduraheem     New Naira Notes     Rueben Parejo     Amule     Ilesha-Baruba     Micheal Imoudu     Abdulmajeed Wahab     Yekeen Alabi     Maimunat Oniyangi     Pakata Development Association     Justina Oha     Universal Basic Education Commission     Okoolowo     Salihu Ajia     Asa LGEA School