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.

Muhammed Aliyu     Earlyon Technologies     NTA Ilorin     Lucky Omoluwa     JAMB     Ebun-Olu Adegboruwa     Junior Secondary School Certificate Examinations     Okin High School     Muyiwa Oladipo Kanu     Bello Taoheed Abubakar     Shururat Olatinwo     Ilorin Curfew     Na\'Allah     Suleman Abubakar     Ibrahim Abdullahi     Niyi Osundare     Amuda Aluko     Abraysports FC     James Ayeni     Shettima     Ben Duntoye     Majlis For Sadakah, Zakat And Waqf     Abdulrasaq Alaro     Hussein Oloyede     Muhammad-Mustapha Suleiman     Umar Ahmed Gunu     Kwara 2015     Special Adviser On Digital Innovation     Sabi     ARMTI     Ramadhan     Alloy Chukwuemeka     Ahmad Belgore     Road Transport Employers Association Of Nigeria     Kwara 2019     Opolo Global Innovation Limited     Obayomi Azeez     Tunde Yusuf     Quareeb     Umar Bayo Abdulwahab     Umar Saro     Aishatu Ahmed Gobir     Kwara Basketball Association     Bilikis Oladimeji     KFA     AbdulHakeem Ajibola Akanbi     Kunbi Titiloye     Ilorin Likeminds Foundation     Kudirat Arinola Lawal     Musa Alhassan Buge     Yusuf Abdulraheem     Zaratu Umar     Elesie Of Esie     Onilu     Adebara     CACOVID     Jamiu Oyawoye     Toyin Olayinka Tejidini     Umar Danladi Shero     Adamu Atta     Afin Descendants Union Of Odo-Owa     Durosinlohun Atiku     Oke-Ode     Public Holiday     Kaosarah Adeyi     Baruten     Abubakar Baba Sulaiman     Oko-Olowo     KWASAA     Yemi Sanni     11th Galadima     International Aviation College     Babatunde Idiagbon     Yusuf Abubakar     Yusuf Ali     KWATMA     Agor Market    

Cloud Tag: What's trending

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

Dan Iya Of Ilorin     Ilorin Durbar     Muyideen Ajani Bello     Bola Tinubu     Otoge     Hausa     NTA Ilorin     Abdullahi Adisa Akodudu     Salman Alada     Sa\'adatu Modibbo-Kawu     Amosa     Countryside Emerging Leaders Fellowship     Ishak Mohammed Sabi     Musa Aibinu     Mutawali Of Ilorin     Azeez Salawu     Yakubu Shaaba     Abioye Bello     AbdulRazaq AbduMajeed Alaro     Oro Grammar School     Nigeria Association Of Women Journalists     Micheal Imoudu     Gambari     General Tunde Idiagbon International Airport     Cassava Growers\' Association     Iyaloja-General     Ilesha-Baruba     Mohammed Abduraheem     Isiaka Alikinla     Ilorin Anchor Men And Women     Shuaib Olarongbe     Raliat AbdulRazaq     Amos Justus Sayo     Yusuf Aiyedun     Erubu Oba Zubair     Durbar Festival     Charcoal     Olateju Lukman     Oju Ekun Sarumi     Kolo     Kolawole Bashirat     Lasiele Alabi Yahaya     Mohammed Lawal     Raji Ayodele Kamaldeen     Funmi Salau     John Kehinde Salako     Yunus Lawal     Quarry Royal Valley     Amuda Aluko     All Confederation Of Principals Of Secondary Schools     IEDPU     Centre For Peace And Strategic Studies     Tayo Alao     Manzuma     Tsaragi/Share     Balikis Jawondo     Mohammed Yahaya Barki     Third Estate     Jawondo     Yakubu Dogara     Oyedepo     Rice Farmers Association Of Nigeria     Abdullateef Abdussalam     Titus Ashaolu     Olayinka Oladapo Jogunola     Sheriff Olanrewaju     Jamila Bio Ibrahim     Osuwa     Abdulfatah Ahmed     Ayegbeni     Kwara State Governor     Ilorin Like-Minds     Oko Erin     Veterinary Teaching Hospital     Yoruba     Oke Sunna     Oyelere Oyinloye