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.

AGILE Programme     Ilorin West     Bahago     Ajikobi     Sebastine Obasi     Taofeek Ibraheem     Yusuf Badmus     Agor     Budo-Egba     Abdulrasheed Lafia     Saadu Yusuf     Afolasade Opeyemi Kemi     Joseph Alex Offorjama     Baba-Isale     Amusement Park     Binta Sulyman     Ilorin Amusement Park     Abubakar Atiku     Ahmed Saidu Rufai     Sa\'adu Salau     Mahee Abdulkadir     Prince Sunday Fagbemi     Local Government     Sai Kayi     NAWOJ     Islamic Development Bank     Ayinde Oyepitan     Metro Park     Salary     Kannike     Apado     Wahab Olasupo Egbewole     Hassanat Bello     Omu Aran     Bayo Ojo     Valsolar-Kwara Company Limited     Oyin-Zubair     Adeola Abraham     Ilorin Like-Minds     Buari Edun     Ilorin Airport     Kolawole Akande     Yomi Adeboye     Idris Amosa Oladipo Saidu     Kwara State University Of Education     Oko Erin     AbdulGaniyu Kareem     Ejidongari     Umar Danladi Shero     Emir Of Ilorin     Bashirat Bola Bello     Toyosi Thomas     Suleiman Idris     Kanu Agabi     Baakini     Lanre Issa-Onilu     Oba Mogaji Abdulkadir     Sidikat Alaya     Muhammed Akanbi     Markaz Arabic And Islamic Training Institute, Agege     Dagbalodo     Sulyman Abdulkareem     Kale Kawu     Omotoso Musa     Ilorin East/South Federal Constituency     ASUU     Yahya Mohammed     Kwara Consultative Forum     IsDB     Michael Nzekwe     Saad Belgore     Abdulkadir Jimoh     KWATMA     Olusola Saraki     Danladi     Muhammad Fawaz Abubakar     Adamu Atta    

Cloud Tag: What's trending

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

Christopher Ayeni     Adaramaja     Baba Isale     Mamman Saba Jibril     Bashir Omolaja Bolarinwa     Kayode Yusuf     Yusuf Olaolu Ali     Yahaya Muhammad     Gbadeyan Gbadura Yomi     Amos Justus Sayo     AbdulKareem Yusuf Danhawa     Ishaq Abdulkarim     Towobola Abdulrahman Toyin     Oko Erin     Ubandoma     2017 Budget     3MTT     Gambari     Sun Qing Rong     Abdulmalik Bashir Mopelola Risikatullahi     Suleiman Mora Omar     Kwara Muslim Pilgrims Welfare Board     Abikan     Ibrahim Abdullahi     Fola Consultant     Oyedepo     Lafiagi     Oyelere Oyinloye     Alikinla     Kuliyan Geri     Al-Ilory     Admiralty Villa     Kolade Solagberu     Kwarareports     Playing Host     Ebun-Olu Adegboruwa     Suleiman Abubakar     Muhammad Fawaz Abubakar     Okeose Christian Cementary     Ajakaye     Bibire Ajape     Adamu Ibrahim Sabi     Kwabes     Guber Aspirant     Lawal Olohungbebe     Moshood Bakare     Adegoke Bamidele     Yusuf Amuda Abubakar     Salaudeen Oyewale     Omu Aran     Abdulrasaq Alaro     ER-KANG Mining Nigeria Company Limited     Lola Ashiru     Dauda Adesola     Ahmed Bolaji Nagode     Adamu Atta     Monthly Sanitation     Ndama Al-hassan     Wahab Femi Agbaje     Tsaragi     Yusuf Abubakar     Ashiru     Saad Omo\'ya     Sai Kayi     Maryam A. Garuba     Kwara South     Tunde Idiagbon Road     Ope Saraki     Muyiwa Oladipo Kanu     Nigerian Supreme Council For Islamic Affairs     Ilorin Anchor Men And Women     Ezekiel Yissa Benjamin     Laduba     Lasiele Alabi Yahaya     Moronfoye     Kayode Ibrahim     Ibrahim Labaika