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.

Ezekiel Yissa Benjamin     Olomu     Police Commissioner     Kisra     Demola Banu     Abdullateef Abdussalam     Khadijat Ayoola Yusuf     11th Galadima     Abdulmalik Bashir Mopelola Risikatullahi     Seun Bolaji     Titus Suberu-Ajibola     AbdulKareem Yusuf Danhawa     IFK     Isiaka Oniwa     Okoolowo     Galland Marcias     Towobola Abdulrahman Toyin     Haleeman Salman     Shero     Shettima Of Ilorin     Aisha Abodunrin Ibrahim     Bolaji Abdullahi     National Broadcasting Commission     Tunji Moronfoye     Kanu Agabi     Ministry Of Women Affairs And Social Development     Laboratory-to-Product     Lanre Olosunde     COEASU     Afolayan     Olusola Saraki     Iponrin     SDP     Abdullahi Biffo     CELF     Hamidu Olowo     Code Of Conduct Bureau     Wole Oke     Adanla-Irese     Ishola Balogun Fulani     Ballah     Ayo Opadokun     Micheal Imodu-Ganmo Road     Dapo Teni Nig Enterprise     Babatunde Ajeigbe     BIR     Offorjama     Muhammed Aliyu     Belgore     Najim Yaasin     Kazeem Adekanye     Ubandoma Of Ilorin     SGBN     Democracy Day     Suleiman Yahya Alapansapa     Adesoye     Okin Malt     Clara Nwachukwu     Obasanjo     Grillo     Hassanat Bello     Imam Gambari     Damilola Yusuf Adelodun     Abdulrasaq Alaro     Ibraheem Abdullateef     John Mayokun Dada     United Nigeria Airline     Elelu     Sam Okaula     Monthly Sanitation     Abdulkareem Alabi     Oladipo Akanmu Tolani     Fatai Garuba Labaka     Garba Dogo     Orisa Bridge     Kisira     Abdulwaheed Musa    

Cloud Tag: What's trending

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

PAACO-PCL Consortium     National Information Technology Development Agency     Oni Adebayo     Salaudeen Oyewale     CKNG     Abiodun Oyedepo     Kwara Primary Health Care Development Agency     Hijaab     Ahmed Bayero     Amule Elementary School     Usman Yunusa     Cornelius Fawenu     Fola Consultant     NYSC     Orire     Ibrahim Oniye     Dumagi     UNILORIN Alumni Association     Oke-Kura     Abdulraheem Olesin     Reuben Paraje     National Pilot     Bashirat Bola Bello     Mohammed Ajia Ibrahim     Javed Khan     Forgo Battery     Yahya Mohammed     Ayinde Oyepitan     Maryam Nurudeen     Sheriff Shagaya     Coalition Of Kwara North Groups     Tsaragi/Share     Ahmed Alhasssan     Suleman Abubakar     Bamikole Omishore     AbdulRauf Keji     Okeose Christian Cementary     Women For Change And Development Initiative     Kehinde Baale     Mohammed Tunde-Jimoh     Aisha Gobir     KFA     Tunde Oyawoye     CBT     University Road     Jawondo     Mary Kemi Adeosun     Jimoh Akani     Bamidele Aluko     Bankole Omisore     Ahmad Uthman     Seun Bolaji     Air Peace     Muyideen Ajani Bello     Azeez Bello     Kwara State Council Of Chiefs     PharmAccess Foundation     Ahmed \'Lateef     Ibrahim Taiwo Road     Ganmo Electricity Sub-Station     Salihu Ajibola Ajia     ITP     Musbau A. Akanji     Simeon Sule Ajibola     Alabe     Ganiyu Taofiq     Sardauna Of Ilorin     Mashood Abdulrafiu Agboola     Minister     Federal Allocation     Twitter     Aliyu Kora Sabi     Zubair Folorunsho Erubu     UTME     Saraki     Yusuf Amuda Aluko     Vasolar-Kwara Company Ltd