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.

Abiodun Jacob Ajiboye     General Hospital     Seni Saraki     Ilorin International Airport     Haruna Tambiri Mohammed     Bilikis Oladimeji     Samuel Adedoyin     Victor Gbenga Yusuf     Gbajabiamila     Otunba Taiwo Joseph     COVID-19 Palliatives     Waziri Yakubu Gobir     Aliyu Muyideen     Ajakaye     Tunde Idiagbon Road     Olatomiwa Williams     Belgore     Ali Ahmad     Galland Marcias     Seun Bolaji     Royal FM     Ilorin East/South Federal Constituency     Nigerian Correctional Service     Kehinde Boyede     Ilorin Innovation Hub     M.Y. Abdulrahaman     Share     Young Progressives Party     Wole Oke     Smart School     Kabir Shagaya     All Confederation Of Principals Of Secondary Schools     Muslim Cementary     Afolayan     Abdul Jimoh Mohammed     Apaokagi     Leke Ogungbe     ER-KANG Mining Nigeria Company Limited     Hydro-electric Power Producing Areas Development Commission     Isiaq Khadeejah     Oro Grammar School     Ubandoma Of Ilorin     Kehinde Baale     Federal College Of Education (Special), Afon     Imam Gambari     Sidikat Uthman Ajibola     Ganmo Electricity Sub-Station     Mahmud Babatunde Baker     Ibrahim Labaika     Rebecca Bake     Kayode Laro     Aliyu Muhammed     Isaac Gbenle     Prince Mahe Abdulkadir     Oye Tinuoye     Alikinla     Valsolar Consortium     Musa Abdullahi     Aishat Sulu-Gambari     Wahab Egbewole     Valsolar-Kwara Company Limited     AbdulHamid Adi     Femi Gbajabiamila     Muhammadu Buhari     Yahaya Oloriegbe     Yusuf Aiyedun     Monsurat Omotosho     Ilorin West     Gbenga Adebayo     Gobir     Wahab Issa     Volunteers Of Ilorin Community And The Emirate     Yusuf Lanre Badmus     Amasa     Timothy Akangbe     Paul Odama     CUTI    

Cloud Tag: What's trending

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

Omu-aran     IF-K     Abdullateef Abdussalam     Oyedun Juliana Funke     Saka Onimago     Rashidi Yekini     Shero     Owo Arugbo     Alaiye     Rotimi Atere     Majlis For Sadakah, Zakat And Waqf     CBT     Okin High School     Memunat Monsuma     Salihu Alhaji Musa     Michael Nzekwe     Ibrahim Sulu Gambari     Abdulmumin Yinka Ajia     Muhammed Aliyu     Yahaya Jibril Usman     Ajikobi     Sam Onile     Kudirat Arinola Lawal     New Model Police Station     Okin Biscuit     Aso-ofi     Sulu Babaita Isiaka     Isaac Aderemi Kolawole     Monsurat Omotosho     Isiaka AbdulRazaq     Sulyman Tejidini     Umar Saro     Saka Isau     2017 Budget     Kuliyan Geri     Gbenga Adebayo     Alfa Modibo Belgore     Isiaka Abdulrazak     Victor Gbenga Yusuf     Ramat Oganija     Yakubu Dogara     Oba Sulaiman Asude     Yetunde Balogun     Onilupeju Of Ilupeju     AbdulGafar Tosho     MMWG     Sobi FM     Centre For Community Empowerment And Poverty Eradication     CKNG     Shehu Alimi Foundation     Mohammed Abdulahi     Tunji Moronfoye     Olofa Of Offa     Quarry Royal Valley     Senior Special Assistant On Student Affairs     Ajeigbe     Haliru Dantoro     Olomu Of Omu-Aran     Split Diamond Interchange     Ishaq Abdulkarim     Obayomi Azeez     ENetSuD     RTEAN     Elerin Of Adanla Irese     Ahmad Fatima Bisola     John Olajide Adedipe     Hajj     Wakilin Mata Lafiagi     Funmi Salau     KW-GIS     Kayode Ishola     Chief Of Staff     Oke-Odo     Funmilayo Oniwa     Hausa     Minimum Wage     SWAN