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.

Paul Olawoore     Aremu Odolaye     Bilikisu Oniyangi     Coalition Of Kwara North Groups     Balogun Gambari     Senior Staff Union Of Colleges Of Education     Hassan Saliu     Olukotun Of Ikotun     Mike Omotosho     Amina El-Imam     Unilorin     Umar Gunu     Twitter     Isiaka Abdulrazak     Yakubu Gobir     Amasa     Noah Yusuf     Simeon Sule Ajibola     Kulende-UITH     Egbewole     Bamidele Adegoke     Mogaji Aare     Wahab Kunle Shittu     Toyin Olayinka Tejidini     KWIRS     Sulyman Atolagbe Alege     Ubandoma     Kannike     Abdulrazaq Solihudeen     Amusement Park     Madawaki     Bukola Saraki     Sidikat Uthman Ajibola     Afonja     Ayinde Oyepitan     Lawyers Unite Against Corruption     Kehinde Boyede     Adesoye     Razaq Atunwa     Edret Sabi Abel     Esuwoye     Ayo Opadokun     Yoonus Lawal     Dauda Adeniran Adeshola     Salami Adekunle     Special Adviser On Digital Innovation     Bursary     Ojuekun Sarumi     Omupo     Majlis For Sadaqah, Zakat And Waqf     Alabi Olayemi Abdulrazak     Emmanuel Olatunji Adesoye     KwaraLearn     Lai Gobir     Abdulazeez Arowona     Isau     Peculiar Allowance     Iyaloja-General     Olayinka Are     Adebayo Mohammed Kamaldeen     Okeose Christian Cementary     Ibrahim Kayode Adeyemi     Aliyu Kora-Sabi     Muazam Nayaya     Ghali Muhammed     Durbar Festival     Adeniyi Ojo     NAWOJ     Oke-Ero     Joseph Alex Offorjama     Idiagbon     Mahee Abdulkadir     Yusuf Zulu-Gambari     Omu Aran     Haruna Tambiri Mohammed     Aliyu Kora Sabi     Magaji Are    

Cloud Tag: What's trending

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

Local Government Pension Board     Ayobami Seriki     National Pilot     Amusement Park     Hussein Olokooba     Abubakar Olusola Saraki     Share     Saad Belgore     Victor Gbenga Yusuf     Kolade Solagberu     Basic Education Certificate Examination     Ado Ibrahim     Shuaibu Yaman Abdullahi     AbdulRazaq Jiddah     Umar Bayo Abdulwahab     Femi Gbajabiamila     Akanbi-Oke     AIT Ilorin     Sarah Jubril     Hassan A. Saliu     Funmilayo Mohammed     Ogidi-Oloje     Danhawa     IF-K     Saidu Yaro Musa     Saliu Oluwole     Awoye     Suleiman Mora Omar     Ayobola Ipinlaiye     Kwara State Branch Of The National Library     March 28     Afonja     Ahmad Uthman     Folorunsho Erubu     Tosin Saraki     Jimoh Olusola Imam     Afonja Descendants Union     Umar Ahmed Gunu     Salihu Ajibola Ajia     Yinka Aluko     Abdulkadir Remi Hawawu     Public Holiday     KSIRS     Azeez Salawu     Peculiar Allowance     Ibikunle Ogunleye     Adolescent Girls Initiative For Learning And Empowerment     Taofik Abdulkareem Babaita     Yusuf Ibitokun Sherifat     Ayedun     Ilorin East     Oko-Olowo     Lanre Jimoh     Ike Ekweremadu     Olokoba Abdullahi Ayinla     Oniwa     Sanusi Abubakar     Congress For National Consensus     Mansurat Amuda-Kannike     Bello Oyebanji     Chief Imam Of Offa     Afin Descendants Union Of Odo-Owa     Dapo Teni Nig Enterprise     Mashood Abdulrafiu Agboola     Jamila Bio Ibrahim     Muhammad Ghali Alaaya     Abdulrasheed Akogun     Zulkifli Ibraheem     Coronavirus     Taofeeq Olateju     AGM Professional Services     Government High School (GHS), Adeta     Gwanara     Rebecca Bake     Abdulkadir Orire     Basit Olatunji     Alloy Chukwuemeka