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.

Hamza Usman     Aliyu Kora-Sabi     Muslim Media Watch Group Of Nigeria     Oro Grammar School Old Students Association     Abdulkadir Jimoh     Garment Factory     Kwara 2015     Government High School (GHS), Adeta     Kawu Baraje     Bolaji Nagode     Benin Republic     UNILORIN Alumni     Stephen Fasakin     CACOVID Palliatives     QuickWin     Bayer AG     Seed Technologies     Sadiq Buhari     Kwara University Of Education     Shonga     TESCOM 2025     Frootify     Nigerian Army     Awodun     Tafida Of Kaiama     Kwara Pdp     Bashir Badawi     UNILORIN Alumni Association     Yusuf Amuda Abubakar     Muftau Akanbi Oke     Illyasu Abdullahi     Oye Tinuoye     UTME     Iqra Books     Simeon Ajibola     Obuh     Curfew     Oko Erin     Turaki Of Ilorin     Olufolake Abdulrazaq     Aisha Ahman Pategi     Saduki Lafiagi     Senate President     KWASIEC     KWASEIC     Dan-Kazeem     Joseph Alex Offorjama     Centre For Peace And Strategic Studies     Yusuf Amuda Aluko     Maryam A. Garuba     Moremi High School     Owo Arugbo     Tescom.kwarastate.gov.ng     Abdulrazaq Sanni     Ilorin East/South Federal Constituency     Niyi Ogundiran     Tanke Flyover Bridge     Ilorin Talaka Parapo (ITP)     Osi     Adesina Simon Sodiya     Aishat Sulu-Gambari     ER-KANG     Council Of The Wise     Hausa     Harrison Osauwagboe     First Lady     Otunba Taiwo Joseph     Sayomi     Ophthalmological Society Of Nigeria     Ilorin West/Asa Federal Constituency     Ibrahim Labaika     Mahmud Ayinla Giwa     John Kehinde Salako     Bukola Ajikobi     Kayode Oyin Zubair     Oyedepo     Joana Nnazua Kolo    

Cloud Tag: What's trending

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

Abdulrahman Abdulrasak     Ayo Salami     Hausa     Toyin Falola     Ahmed Ayinla Jimoh     Mansur Alfanla     Abegunde Goke     Ilota     Yoonus Kola Olatinwo     Salary     Zulu Gambari     Lasiele Alabi Yahaya     Gani Saadu     Kayode Ishola     April 11     Chartered Institute Of Personnel Management Of Nigeria     Yusuf A. Usman     Habeeb Abdullahi Al-Ilory     Trade Lenda SME Fair     Shuaib Boni Aliyu     Mohammed Saidu     Saheed Popoola     Yakubu Mohammed Abdullahi     Saheed Akinwumi     John Dara     Centre For Digital Economy     SAPZ Project     Federal Road Maintenance Agency     Shonga     UITH     International Vocational Centre     Babatunde Ajeigbe     Joseph Alex Offorjama     Olajumoke Monsura Gafar     Press Release     Abdullahi Adisa Akodudu     Yakubu Gobir     Kwara Teaching Service Commission     Adeola Abraham     Moro     Omupo     Idiagbon     Idi-Ape     Ilorin Emirate     Hakeem Idris     Bluenile Associates     Ilorin East     Titus Ashaolu     Kazeem Oladepo     Unilorin     Niguel Gallando Marcias     Apata Ajele Secondary School     Olayinka Olaogun     Yusuf Amuda Abubakar     Onilupeju Of Ilupeju     Firdaos Amasa     Sunset Workers     FOMWAN     AGF Abdulrazaq     Centre For Peace And Strategic Studies     Ibrahim Gambari     Oniye     Yahaya Seriki     General Hospital, Ilorin     General Tunde Idiagbon International Airport     SDP     Read With Me     Yoonus Lawal     Shuaib Olarongbe     Ilorin Anchor Men And Women     Wahab Isa     Public Holiday     Haleeman Salman     Isiaka Danmeromu     Bursary     Siraj Oyewale     Lateef Fagbemi