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.

Femi Ogunsola     Musa Ayinla Yeketi     Revenue Court     Moses Afolayan     Mogaji Aare     Olusin Of Ijara Isin     Yahaya Oloriegbe     Abdulrazaq Akorede     Ayodele Olaosebikan     Shuaib Jawondo     Isau     Ojuekun Sarumi     Elerin Of Adanla Irese     National Democratic Congress     Abdulrasheed Na\'Allah     Yashikira     Overland     Oloye     Frootify     Amule Elementary School     David Oyedepo     NITDA     Muyiwa Oladipo Kanu     Wahab Femi Agbaje     Abdulkadir Akanbi-Oke     Kaiama     Abdulrahman Abdulrazaq     Abdullahi G. Mohammad     Fawenu     Aliyu Kora Sabi     Ijagbo Health Centre     General Tunde Idiagbon International Airport Ilorin     Abdulmumini Sanni Jawondo     Yunus Lawal     National Association Of Nigerian Students     Yetunde Balogun     Lucky Omoluwa     Adedayo Yusuf Abdulkareem     Offorjama     Roseline Oni Aremu     Ibrahim Kayode Adeyemi     Ajeigbe     Madawaki     Kwasu     Yusuf Amuda Aluko     Kayode Laro     Okin Malt     Yakubu Mohammed Abdullahi     Adekunle David Dunmade     National Pilot     Ilorin East/South Federal Constituency     Amosa     Lola Olabayo     Yinka Aluko     Abraham Ojo     Maryam Ado Bayero     Abdulkareem Alabi     Taofeek Sanusi     Yusuf Arowosaye     Ibrahim Issa Jetti     CLAY POT     Ishola Balogun Fulani     Kola Ologbondiyan     Kwara Coalition Of Business And Professional Associations     Hajj     Femi Oladiji     Bilikisu Oniyangi     Tunde Oyawoye     Mukhtar Shagaya     Makama Of Kaiama     Rihanat Ajia     Congress For National Consensus     Azeez Salawu     Kwabes     TESCOM 2025     Smart School     Umar Ahmed Gunu    

Cloud Tag: What's trending

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

Radio SBS     Kwara NIPR     Tafida Of Kaiama     Yusuf Abdulraheem     Muhammad Fawaz Abubakar     Arandun     Dan Iya Of Ilorin     Eleja     Arinola Lawal     Rabiu Kwankwaso     Baba Adini Of Kwara State     Ibrahim Oniye     Raymond Olaitan     Ahmad Ali     Muhammadu Gobir     Jumoke Monsura Gafar     David Oyepinola Adedumoye     Aliyu Muhammad Saifudeen     Quarry Royal Valley     Garba Ayodele Wahab     UITH     Fatai Olodo     Saidu Yaro Musa     Ibrahim Kayode Adeyemi     Funmi Salau     Tunde Yusuf     Abdulwahab Ololele     Oyawoye     Amos Justus Sayo     Abdulbaqi Jimoh     Dagbalodo     Salihu S. Yaru     Jeunkunu-Malete-Bani     Usman Yunusa     KWAFFA     Ayinke Saka     Rex Olawoye     Omar Bolaji Gambari     Abdulfatai Baakini     Quran     Alagbado     Salman Suleiman     Abdulraufu Mustapha     George Innih     UTME     Okanlawon Taiwo     Akom Construction And Engineering Synergy Ltd     Adesoye     Police Commissioner     Ghali Muhammed     Yomi Adeboye     Abikan     Mustapha Olanipekun     Bola Sagaya     Temi Kolawole     Unilorin FM     Memunat Monsuma     Adolescent Girls Initiative For Learning And Empowerment     Oni Adebayo     Gbajabiamila     Ajibike Katibi     Saheed Alakoso     Alfa Modibo Belgore     Yomi Ogunsola     Habeeb Saidu     Okala Baba     Babatunde Ishola Babaita     Park     Alikinla     Dapo Teni Nig Enterprise     KSIRS     Kumbi Titilope     Kassim Babamale     Jamiu Oyawoye     Emmanuel Olatunji Adesoye     AbdulKareem Yusuf Danhawa     Arinola Fatimoh Lawal