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.

Aliyu Adebayo     Tsaragi/Share     Kaiama     Oniwasi Agbaye     Victor Gbenga Yusuf     Taiwo Joseph     Abdulkadir Bolakale Sakariyah     Olusegun Adeniyi     Bahago     AGM Professional Services     Saka Abimbola Isau     Rotimi Oyedepo     Joseph Bamigboye     Orisa Bridge     SSA Youth Engagement     Isin     Kwara 2019     Olomu     Abdulwahab Olarewaju Issa     Kola Bukoye     Abubakar Abdulraheem     Kabir Shagaya     Abubakar Suleiman     Abegunde Goke     AbdulFatai Adeniyi Dan-Kazeem     Olanrewju Okanlawon Musa     Olaiya Victor Mobolaji     Ibrahim Kayode Adeyemi     Iliasu     Ahmad Belgore     Pakata     Mary Arinde     Imodoye Writer’s Enclave     Adeola Abraham     Abdullahi Adisa Akodudu     Kwara Apc     Lanre Jimoh     Adesina Simon Sodiya     Saad Belgore     Adam Abdullahi Al-Ilory     Salmon Babatunde Salmon     Abdulrazaq Adebayo     Eghe Igbinehi     Ganmo     Muhammad Sirajo Aliyu     Peter Amogbonjaye     Ganmo Electricity Sub-Station     Voices Of Tomorrow     Sodiya     Rebecca Bake     2023 Elections     Okin Biscuits     Kaosarah Adeyi     Age AbdulKareem     Sa\'ad Alanamu     Bayo Ojo     Amos Bajeh     Yusuf A. Usman     Forgo Battery Company Limited     Kola Shittu     Oba-Solagberu     Rashidi Yekini     Shola Odetundun     Ahmad Ali     Raheem Adaramaja     Ibraheem Abdullateef     Tescom.kwarastate.gov.ng     Habeeb Abdullahi Al-Ilory     Aisha Gobir     Goodluck Jonathan     Ilorin Likeminds Foundation     Balogun-Ojomu     Omoniyi M. Ayinla     Afeyin-Olukuta     Saeedat Aliyu     Bola Sagaya     Yekeen Alabi    

Cloud Tag: What's trending

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

Sulyman Tejidini     Iqra Books     AbdulRazaq Abubakar Jiddah     Chief Imam Of Ilorin     Usman Rifun     Yusuf A. Usman     Dele Momodu     Unicontinental Construction Company     Muhammadu Gobir     Abdullah Janet Amudat     Oluranti Idowu     Odo-Owa     Memunat Monsuma     Olabode George Towoju     Bolakale Ayo     Abdulmalik Bashir Mopelola Risikatullahi     Saheed Akinwumi     Moses Afolayan     Tunji Arosanyin     Raliat Elelu-Habeeb     Suleiman Yahya Alapansapa     Halimat Yusuf     Teachers Specific Allowance     Col. Taiwo     Biliaminu Aliu     Yahaya Muhammad     Damilola Yusuf Adelodun     Akanji     Pacify Labs     Zubair Folorunsho Erubu     Abdulrazaq Magaji     Hausa     Fatimoh Lawal     Garba Dogo     Sunday Otokiti     Durosinlohun Atiku     Sidikat Alaya     Kwara South     Umar Ayinla Saro     Yekini Adio     David Oyepinola Adedumoye     Ilesha Gwanara Road     Savannah Centre For Diplomacy, Democracy And Development     Mashood Dauda     Aremu Bose Deborah     Veterinary Teaching Hospital     John Olobayo     Kawu Baraje     General Hospital, Offa     Yakubu Dogara     Yaru     Ben Duntoye     KWASSIP     Kulende     Matthew Okedare     Ubandawaki     Ibrahim Taiwo     Segun Abifarin     Idowu Aremu     Atiku     Suleiman Mora Omar     Ajike People Support Centre     Tafida Of Ilorin     Alimi     Tosin Saraki     Park     Ilorin International Airport     Muhammed Aliyu     LABTOP     Olatunde Olukoya     Omar Gambari     NFAI     Tinubu     Rice Farmers Association Of Nigeria     Kwara University Of Education     Tunde Mukaila Mustapha     Ado Ibrahim