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.

Temi Kolawole     Galadiman Ngeri     Omotoso Musa     Isiaka Yusuf     COVID     Okin Biscuits     Harmony Holdings     Funmi Salau     Eruku     Yahaya Jibril Usman     HYPPADEC     Ophthalmological Society Of Nigeria     Doyin Agbamu     Taofik Mustapha     Crystal Corner Shops     Flights To Ilorin     Onilu     Ilorin Talaka Parapo (ITP)     Toun Okewale-Sonaiya     Yahaya Dumoye     Gabriel Fashanu     Okanlawon Taiwo     Sobi Specialist Hospital     Balikis Jawondo     Dan Iya     Tsaragi/Share     SARS     Abdulmumini Jawondo     Abiodun Oyedepo     Kolawole Akande     Kunle Suleiman     International Public Sector Accounting Standards     International Vocational Centre     Aishat Sulu-Gambari     Tunji Oyawoye     Sardauna     Moses Afolayan     Sa\'adatu Modibbo-Kawu     Apaokagi     Firdaos Amasa     Joseph Bamigboye     Saba Jibril     Baruba     Abdullahi Adisa Akodudu     Aishat Mohammed Lawal     Gani Saadu     Gbemisola Saraki     Abdulrahman Abdulrazak     Clara Nwachukwu     Abikan     Garba Idris Ajia     Agbarere     Yunus Lawal     IESA     Olatunde Oyeyiola     Mumini Ishola Hanafi     Lanre Badmas     Oluwarotimi Boluwatife Adenike     Ijagbo     Abdulrazaq Aiyelabegan     Ilorin Emirate Staff Association     Okala Baba     International Aviation College     Adeola Abraham     Popo-Igbonna     Savannah Centre For Diplomacy, Democracy And Development     Ita-Ore     Gbenga Adebayo     Baba-Isale     Olatunji Ibrahim     Ibrahim Gambari     Orire     A.O. Belgore     Abdulbaqi Jimoh     Kishira     Muritala Awodun     General Hospital, Offa    

Cloud Tag: What's trending

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

Shururat Olatinwo     Quran     Amusement Park     Elerin Of Erin-Ile     Alikinla     Abdulrazaq Akorede     Sulyman Age AbdulKareem     Tunji Ajanaku     Yakubu Mohammed Abdullahi     V.O. Abioye     Madawaki     Col. Adedipe     Esinrogunjo     Yahaya Oloriegbe     Abdullahi Imam Abdullahi     Kassim Babamale     Irepodun     Ajase-Ipo     AbdulRazaq Abubakar Jiddah     Shehu Raheem Adaramaja     Isapa     Abdulkadri Ahmad Alaiye     Bolakale Ayo     Kwara State Television     Hakeem Lawal     Fatai Garuba Labaka     Kwara-SAPZ Project     Musa Ayinla Yeketi     JSSCE     Ndakene     Baba Issa Awoye     Yahaya Seriki     Sheu Ndanusa Usman     Maimunat Oniyangi     Kwara State Coalition Of Business And Professional Associations     Christopher Odetunde     Goodluck Jonathan     Geri-Alimi Split Diamond Interchange     GGDSS Pakata     AGM Professional Services     KWASAA     Segun Olawoyin     Ayinde Oyepitan     Ajibike Katibi     Okala Baba     Sunset Workers     Agor     Michael Imoudu National Institute For Labour Studies     Mufutau Gbadamosi Esuwoye     Moses Afolayan     Siddiq Adebayo Idowu Salawu     Emmanuel Olatunji Adesoye     Olaiya Zuberu     Okanlawon Musa     Oni Adebayo     Aliyu Kora-Sabi     Ilorin East/South Federal Constituency     Taiwo Joseph     Rotimi Atere     School Of Nursing     Yakub Ali-Agan     Mohammed Lawal Bagega     Muazam Nayaya     Dauda Adesola     Olatinwo     Ishaq Salman     Hussein Oloyede     Arinola Lawal     Ilorin Metro Park     Ayinde Oki     Oro Grammar School Old Students Association     Kwara NIPR     Akande Idowu Ayoola Muhammed     Wale Oladepo     Sheikh Ridhwanullah     Salman Suleiman     Offa Poly