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.

Boko Haram     Hussein Olokooba     Kwara State Governor     Computer Based Test     Susan Modupe Oluwole     Ndakene     Ishola Moses Abiodun     Omotoso     Tsaragi     Kwara     Aso-ofi     Ahmed Bolaji Nagode     Rebecca Olanrewaju     Kuliyan Geri     Bolakale Kawu Agaka     Ilorin Emirate Staff Association     Kwara Restoration Project     Sobi     Ahmed Idris Mohammed     Oba Sulaiman Asude     Ronke Adeyemi     Assayomo     Mutawalle     Ibrahim Issa Jetti     Samari     Omu Aran     Tanke Flyover Bridge     Adesoye     Alaro     LEAH Charity Foundation     Minister     Bolaji Nagode     Ayegbeni     Mohammed Abduraheem     Unilorin FM     Saka Abimbola Isau     AbdulRazaq AbduMajeed Alaro     Jelili Yusuf     Olushola Saraki     Ilorin South Constituency     A.G.F Abdulrasaq     Ganiyu Abolarin     Omupo     Kale Bayero     Kwarareports     Kayode Ogunlowo     Bamikole Omishore     Clement Yomi Adeboye     MAI Akande     AbdulRazaq Abubakar Jiddah     Hamidat Sulyman-Yusuf     Amuda Aluko     Face Masks     Memunat Monsuma     Saka Balikis Kehinde     Olabanji Orilonishe     Abdulkadir Jimoh     Damilola Yusuf Adelodun     TIC     Bello Bature     CCB     Eghe Igbinehin     Haashim Initiative For Community Advancement     National Party Of Nigeria     New Nigeria People’s Party     Amuda Bembe     Lola Ashiru     CCT     Yusuf Aiyedun     Opolo Global Innovation Limited     National Democratic Congress     Asiwaju Bola Tinubu     Tunji Arosanyin     Admiralty Villa     Okiki     Mustapha Akanbi     Babajide Ajayi    

Cloud Tag: What's trending

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

Hikmah AbdulKareem     Sarah Alade     Bolakale Saka     Olomu     Nurudeen Muhammed     MATTA Girls Foundation     Amos Bajeh     Bursary     Salman Jawondo     Lawan     Code Of Conduct     Modibo Kawu     Ronke Adeyemi     Adekunle David Dunmade     Iyiola Oyedepo     Bio Ibrahim     Alaro     Majlis For Sadakah, Zakat And Waqf     AbdulRazaq Abubakar Jiddah     Abdulraheem Yusuf     Senior Ibrahim Suleiman     Kwara Primary Health Care Development Agency     Jani Ibrahim     Harmony Holdings     Awwal Jawondo     Umar Sanda Yusuf     Hakeem Idris     Dairo Kunle Paul     Sardauna     Bello Oyedepo     National Democratic Congress     Mahee Abdulkadir     Quran     Kwarareports     CLAY POT     Women For Change And Development Initiative     Kwara Consultative Forum     Sarah Jubril     National Union Of Road Transport Workers     Binta Sulyman     CACOVID     Markaz Arabic And Islamic Training Institute, Agege     Sam Onile     Maja     Binta Abubakar-Mora     Lai Mohammed     Kwara Liberation Group     Abubakar Aliagan     Odogun Olushola Gabriel     Bamidele Adegoke     Aliyu Sabi     Yahaya Seriki     Haashim Initiative For Community Advancement     Jimoh Akani     Col. Adedipe     Yahaya Muhammad     Lanre Olosunde     Adesoye College     Abdulkareem Alabi     Sulu Gambari     ASKOMP     Ilorin Talaka Parapo (ITP)     Garment Factory     Elekoyangan     Sulyman Buhari     Olokoba Sulyman     Isiaka Alikinla     Suleiman Yahya Alapansapa     Salau Kabiru Abdullahi     Al-Hikmah University     Abubakar Abdullahi Bata     Yusuf Aiyedun     Nupe     General Hospital     Ibrahim Abduquadri Abikan     Rasheed Jimoh     Tafida Of Kaiama