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.

Adamu Atta     Moshood Bakare     Abdullahi Adisa Akodudu     Omotosho     Aliyu Kora-Sabi     Yusuf Ali     Orire     Henry Olaosebikan     Mohammed Danjuma     Yahaya Abdulkareem Babaita     Oniyangi Kunle Sulaiman     Olam Food Ingredients     Freshvine Nigeria Limited     Eleja     Bolakale Kawu     Balogun Gambari     Elections     Islamic Development Bank     Tafida Of Kaiama     Olayinka Jelili Yusuf     Katibi Ibraheem Adeola     Centre For Digital Economy     Tunji Oyawoye     Bisi Kristien     Omotoso Musa     Aliyu U. Tilde     Standard Organization Of Nigeria     Senate     Old Oyo     Bukola Saraki     Quran     Special Adviser On Digital Innovation     Chief Of Staff     IDPU     Kwara Metro Park     AbdulRasaq Abdulmajeed Alaro     Kwara State Television (KWTV)     Ganiyu Taofiq     IEDPU     Olayinka Olaogun     Muhammed Akanbi     Ishaq Oloyede     Tunde Oyawoye     Col. Adedipe     Plat Technologies     Muideen Olaniyi Alalade     Funmilayo Mohammed     Kwara 2015     JAAC     Okin High School     Babata     LEAH Charity Foundation     Umar Gunu     Kayode Yusuf     Omupo     Suraj Tunji Oyewale     Abdulwahab Oba     Abdulmumini AbdulRazaq     Yakubu Danladi     Saidu Isa     Mohammed Alabi Lawal     Okoolowo     Ramadhan     Olukotun Of Ikotun     Tunji Folami     Col. Ibrahim Taiwo     Salmon Babatunde Salmon     Saliu Ajia     Yusuf Lanre Badmus     Kwara Volleyball Association     Ella Supreme Tissue Paper     Jumoke F. Ajao     Abatemi-Usman     Agbarere     Ubandoma     IF-K     Wasiu Onidugbe    

Cloud Tag: What's trending

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

Niyi Ogundiran     Bilikisu Gambari     Olusin Of Ijara Isin     Kawu Baraje     Tunji Arosanyin     Dar-Al-Handasah Consultants Ltd     Umar Sanda Yusuf     Bolaji Aladie     Irepodun     Ramat Oganija     Senior Special Assistant On Student Affairs     JAAC     General Tunde Idiagbon International Airport     Yakubu Dogara     Sa\'adu Gambari     Muslimah Entrepreneurship Forum     University Road     David Oyepinola Adedumoye     Saba Mamman Daniel     Oye Tinuoye     Kayode Ishola     Moses Adekanye     Shehu Salau     V.O. Abioye     Gabriel Fashanu     Computer Based Test     Roseline Oni Aremu     Coalition Of Kwara North Groups     Alfa Belgore     UNILORIN Alumni Association     Damilola Yusuf Adelodun     Emmanuel Bello     Saka Asiat Ayinke     Centre For Peace And Strategic Studies     Obayomi Azeez     Salman Jawondo     Elerin Of Adanla     Abdulsalam A. Yusuf     Ayedun     Hamidat Sulyman-Yusuf     Ilorin Talaka Parapo     Sulyman Buhari     Senate Presidency     Onilu     Summit University     Muhammad Ghali Alaaya     Adama Isa     Madawaki     Sheu Ndanusa Usman     Agor     Sunday Otokiti     Eghe Igbinehin     Ghali Alaaya     Afonja Descendants Union     Onilorin Of Ilorin     Mansur Alfanla     Oniyangi Kunle Sulaiman     Fatima Abolore Jimoh     George Innih     Memunat Monsuma     Isiaka Alikinla     Abubakar Ndakene     Abdulbaqi Jimoh     Abatemi Usman     Afolabi-Oshatimehin     Sheikh Ariyibi     AbdulRazaq AbduMajeed Alaro     Mamman Saba Jibril     Mohammed Alabi Lawal     Kubra Kazum     SAPZ Project     Ahman Patigi     Seni Saraki     Curfew     Idiagbon     AbdulRazaq Abubakar Jiddah     Sherif Shagaya