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.

Nigeria Foundation For Artificial Intelligence     Babs Iwarere     Alao Ayotunde     Asiwaju Bola Tinubu     Olupako Of Share     Oba Abdulraheem     Bola Magaji     Mogaji Aare     Wahab Abayawo     Freshvine Nigeria Limited     IESA     Prince Sunday Fagbemi     Seun Bolaji     Towobola Abdulrahman Toyin     CBT     Baba-Isale     Kale Ayo     Jide Ashonibare     Shuaibu Yaman     Kayode Oyin Zubair     Agor Market     Senate President     Kwara Volleyball Association     Vasolar-Kwara Company Ltd     IYA YUSUF     Ahman Patigi     Tunde Yusuf     Majlis For Sadakah, Zakat And Waqf     Ayoade Akinnibosun     Majlis For Sadaqah, Zakat And Waqf     Afolayan     Balogun Gambari     Kwara Apc     Yusuf A. Usman     YAKOOYO     Iyiola Oyedepo     Umar Saro     Sunday Fagbemi     HICA     Samuel Adaramola     Kola Adesina     Sabi     Ayobola Ipinlaiye     John Kehinde Salako     Sarah Alade     Hijab     James Ayeni     Musa Aibinu     Muslim Stakeholders Of Kwara State     Marafan Shonga     Federal Polytechnic Offa     Alliance For Democracy     Ajibola Saliu Ajia     Yoruba     Baba Isale     Sayomi     Manzuma     Garba Idris Ajia     Shehu Alimi Foundation For Peace And Development     Ayinke Saka     Halimat Yusuf     Aso-ofi     Abubakar Bature Sulu-Gambari     Col. Adedipe     Folorunsho Alao     Kayode Bankole     Mufutau Gbadamosi Esuwoye     Garba Dogo     Kamaldeen Gambari     Assayomo     Government Girls’ Day Secondary School Pakata     Omotosho     Kwara State Government     Abdulrazaq Sanni     Third Estate     Olatunji Abdulmumeen     Al-Hikmah Radio    

Cloud Tag: What's trending

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

Binta Sulyman     Amasa     Oko     Kawu     Mohammed Jimoh Faworaja     Bahago     KWASIEC     Baaziki Sulaiman     Kwara State Polytechnic     Moshood Kashimawo Abiola     Www.Kwarareports.com     Aminu Adisa Logun     Ahmad Olanrewaju Belgore     Monthly Sanitation Exercise     Oba-Solagberu     Adanla-Irese     Ilorin Durbar     Yahaya Jibril Usman     Mohammed Saidu     Lanre Badmas     Tunji Oyawoye     Nigeria Customs Service     Sidikat Akaje     Saeedat Aliyu     Face Masks     Ilesha-Baruba-Gwanara     James Ayeni     Folajimi Aleshinloye     Omupo     Mukhtar Shagaya     08001000100     Tosin Saraki     Alao Ayotunde     Roheemat Hammed     Abdulrahman Abdulrasaq     Folaranmi Aro     Kola Shittu     Afolayan     Femtech     Kamaldeen Kehinde     Musa Alhassan Buge     April 11     Olushola Saraki     Ilorin Amusement Park     Kwasu     Babatunde Ishola Babaita     Abiodun Musa Aibinu     Basic Education Certificate Examination     Galland Marcias     Abdulmajeed Wahab     CLAY POT     Sherif Sagaya     Babata     Ijagbo Health Centre     Timothy Olatunde Fadipe     Shagari     Kwara TV     Matthew Babaoye     Okin Biscuits     Ademola Kiyesola     Olokoba Abdullahi Ayinla     Memunat Monsuma     Sodiya     Galadima     Moshood Mustapha     National Union Of Road Transport Workers     Otuka     Yahaya Seriki     HAMFAT Clinic And Maternity     International Vocational Centre     Raheem Adaramaja     Erubu Oba Zubair     Sheikh Ariyibi     Naira Redesign     Raymond Olaitan     Ophthalmological Society Of Nigeria     Balogun Gambari