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.

Baba Issa Awoye     Abdul Jimoh Mohammed     Abdulrasaq Alaro     Read With Me     Amule     Joana Nnazua Kolo     Hassanat Bello     Nupe     Sulyman Atolagbe Alege     Adamu B. Yaqubu     Alliance For Democracy     Joseph Bamigboye     Anilelerin     Ahmed Idris Mohammed     Yahaya Oloriegbe     Kumbi Titiloye     Yakubu Shaaba     First Lady     Bayer AG     Federal Allocation     Quran     Bashir Adigun     Alloy Chukwuemeka     Saidu Kawu     Ibrahim Taiwo     Teachers Specific Allowance     Baba Isale     2023 Elections     GRA     Khadijat Ayoola Yusuf     Ali Ahmad     Suleiman Yahya Alapansapa     Daud Adeshola     Funmi Salau     Bilikisu Gambari     Aremu Bose Deborah     Lanre Badmas     Kwara 2015     Bashir Omolaja Bolarinwa     Firdaos Amasa     Solomon Edojah     Opobiyi     Wale Oladepo     College Of Arabic And Islamic Legal Studies     Kunle Akogun     CBT     Halidu Danbaba     Idris Garuba     Dan Iya Of Ilorin     Ganiyu Taofiq     Gbajabiamila     Gafaru Olayiwola Olorisade     Vishvas KOZ Tractors     Markaz Arabic And Islamic Training Institute, Agege     Makama     Tafidan Kaiama     KWASEIC     Ndama Al-hassan     Ramadhan     Zara Umar     UITH     Jaiz Bank     Umar Ahmed Gunu     Afolayan     Lateef Alagbonsi     Sambo Murtala     Yusuf Babatunde Abdulwahab     Local Government     Yakubu Dogara     Kayode Issa     M.Y. Abdulrahaman     Maigida Soludero Transit     Bello John Olanrewaju     Mohammed Ibrahim     Special Adviser On Digital Innovation     Abdulrahman Abdulrazaq     Doyin Agbamu    

Cloud Tag: What's trending

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

Ahmed Shuaib Buranga     Benin Republic     Busari Toyin Isiaka     Ilorin Metro Park     Ilorin Central Mosque     Principal Private Secretary     Abdulsalam A. Yusuf     Ahmed Dankaya     Senate President     TETFUND     Code Of Conduct     Mohammed Kamaludeen     Lanre Issa Onilu     Yemi Osinbajo     Forgo Battery Company Limited     Ilorin Curfew     Umar Bayo Abdulwahab     Joseph Yemi Ajayi     Rex Olawoye     Kwara State Health Insurance Agency     Ibrahim Abdulkadir Abikan     Abdulhakeem Amao     Olatomiwa Williams     Mufutau Gbadamosi Esuwoye     Bursary     SAPZ Project     Ghali Muhammed     Post-utme     Akeem Lawal     Egbejila     Kwarareports.com     Abubakar Suleiman     Woro     Alimi Abdulrazaq     Adaramaja     Seun Bolaji     Abdulkadir Jimoh     Kwara Coalition Of Business And Professional Associations     Kayode Zubair     Ado Bayero     Kayode Ibrahim     Apado     Abdullahi G. Mohammad     Ajase-Ipo     Plat Technologies Limited     NIPR     Mufti Of Ilorin     Aso Ofi     TIC     Kwara TV     Ahmad Belgore     Oke-Ogun     Taiwo Joseph     Gurei     Taofik Abiodun Ahmed     MMWG     Babatunde Idiagbon     Ibrahim Jawondo     Monthly Sanitation Exercise     Abdulrahman Abdulrazak     Ilorin Muslim Community     Najim Yaasin     Muhammad Akande Olarewaju Odunade     Mopelola Abdulmaliq-Bashir     Raymond Olaitan     Abdullahi Atanda     Khadijat Ayoola Yusuf     Salman Jawondo     GGDSS Pakata     Abdulrasaq Alaro     Government Girls’ Day Secondary School Pakata     Shururat Olatinwo     Oniwasi Agbaye     Apaokagi     Akorede     Modibbo Kawu     Abdulrahman Abdulrasak