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.

Otoge     David Oyedepo     Kisra     07039448763     Titus Ashaolu     Saka Asiat Ayinke     Lateef Fagbemi     Monthly Sanitation Exercise     Popo-Igbonna     Olokoba Abdullahi Ayinla     RTEAN     Atunwa     COVID     CACOVID Palliatives     Shuaib Jawondo     AbdulGafar Tosho     Abdulmumini AbdulRazaq     David Oyerinola Adedunmoye     Titus Suberu-Ajibola     Bola Magaji     Crystal Corner Shops     Muhammad Yahya     Funmilayo Oniwa     Yunus Lawal     Kannike     AbdulRazaq Abubakar Jiddah     Olatunde Oyeyiola     Abdulrasaq Alaro     Ibrahim Agboola Gambari     Ahmed Dankaya     Umar Bayo Abdulwahab     Oyeyemi Olasumbo Florence     Harafat E. Mukadam     Eleja Taiwo Banu     Garment Factory     FOMWAN     Sulyman Abdulkareem     Yahya Mohammed     Ademola Kiyesola     Roseline Oni Aremu     Kamaldeen Kehinde     Shuaibu Yaman     General Hospital, Offa     Abubakar Abdulraheem     Abdulwahab Ololele     Amuda Aluko     Tuesday Assayomo     Twitter     Rafiu Olasile     Wahab Egbewole     Ojo Isekuse     Olusegun Adeniyi     Volunteers Of Ilorin Community And The Emirate     Kwara Teaching Service Commission     Sarafadeen Kayode Akorede     Bello Oyedepo     Abdulfatai Salman Baakini     Quran     Ahmed Ayinla Jimoh     Ahmed Mohammed Rifun     Baba Adini Of Kwara State     Arandun     Kupchi Hosea Maxwell     Sodiya     Patigi Regatta     Egbewole     Bolaji Nagode     TETFUND     Alabi Olayemi Abdulrazak     Bashir Badawi     Kwha.gov.ng     Ibrahim Kayode Adeyemi     Segun Adeniyi     Galadiman Ngeri     AbdulRauf Keji     Plat Technologies Limited     Abdulsalam Firdaous Amosa    

Cloud Tag: What's trending

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

Ekiti     Abdulrazaq Sanni     Y.A. Abdulkareem     Okeose Christian Cementary     Katibi Ibraheem Adeola     Turaki     Bello John Olanrewaju     Yusuf Amuda Aluko     Yusuf Lanre Badmus     John Obuh     ENetSuD     Oladimeji Thompson     Pius Abioje     Umar Danladi Shero     David Adesina     Lawal Olohungbebe     AbdulRaheem Ahmad Shayi     Suleiman Ajadi     Medview Airlines     Fatimoh Lawal     Saliu Ajibola Ajia     Olatunde Oyeyiola     Special Agro-Industrial Hub     Segun Olawoyin     Kwarareports     Abdulmumini AbdulRazaq     Wakilin Mata Lafiagi     Turaki Of Ilorin     Ilorin Muslim Community     Roheemat Hammed     Labour Party     Quarry Royal Valley     ER-KANG Mining     Yoonus Kola Olatinwo     Lateef Ademola Olatunji     Mufutau Olatinwo     Yemi Osinbajo     FOMWAN     Garuba Alikinla Shittu     Bolaji Aladie     Aliyu Kora-Sabi     Hassan Oyeleke     Woro     Funmilayo Zubair     Yusuf Zulu-Gambari     Jalala     Sheikh Alimi     Oladipo Akanmu Tolani     Olushola Saraki     Federal College Of Education (Special), Afon     Igbaja     Amos Sayo     Mashood Dauda     Dan Iya     Abdulsalam A. Yusuf     Yusuf Abubakar     Tunde Mukaila Mustapha     Akeem Olatunji     AbdulRazaq Abubakar Jiddah     Iyabo Dupe Adekeye     Garba Ado Sanni     Ibrahim Mashood     Samuel Adedoyin     Apaokagi     Mary Arinde     Charcoal     AGM Professional Services     Law School Scholarship     Saad Omo Iya     SWAN     Alao Ayotunde     Mashood Abdulrafiu Agboola     Abdulrahman Iliasu     Jumoke F. Ajao     Monthly Sanitation     Ahmad Uthman     Press Release