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.

Oloye     Ajia-Bako     Sadiq Umar     Binta Abubakar-Mora     Coronavirus     Oke-Ogun     University Road     Lanre Olosunde     Coalition Of Kwara North Groups     Salihu Ajia     Oja-Oba     Olupako     Tunji Arosanyin     Abdulbaqi Jimoh     Tosin Saraki     Isa Aremu     Nigerian Correctional Service     Yaru     Sobi     Prince Sunday Fagbemi     Gbenga Awoyale     Ubandoma     Special Agro-industrial Processing Zone     Shuaib Boni Aliyu     Magaji Are     Memunat Monsuma     Kwara University Of Education     Agboola Abdulraheem     SGBN     Obayomi Azeez     Just Event Online     Millennium Development Goals     Eleyele     Wahab Abayawo     Peter Amogbonjaye     Bolakale Kawu Agaka     JUSUN     Kayode Issa     Obasanjo     Erin-ile     Binta Abubakar Mora     KWSUED     Shonga     Zulu Gambari     Babatunde Ishola Babaita     New Nigeria People’s Party     Quareeb Islamic Association     Ahmed Alhasssan     Shettima Of Ilorin     Tunji Oyawoye     Kamaldeen Ajibade     Post-utme     Hassan Taiye Salam     James Kolo     A.G.F Abdulrasaq     Bamidele Adegoke Oladimeji     Kwara United     Bilikisu Oniyangi     Sola Saraki Educational Foundation     Lanre Jimoh     Medview Airlines     Henry Makinwa     Naira Redesign     Rafiu Ibrahim     Bamikole Omishore     Rice Farmers Association Of Nigeria     Balogun Gambari     Pakata Patriots     Yusuf Ibitokun Sherifat     Dan Iya Of Ilorin     Kwara 2015     Ahmed Mohammed Rifun     Cassava Growers\' Association     Col. Adedipe     Sobi Hill     Sulyman Abdulkareem     Yahaya Oloriegbe    

Cloud Tag: What's trending

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

Amada Jidda     Raji AbdulRasaq     Susan Modupe Oluwole     Curfew     CACOVID     Femtech     Baaziki Sulaiman     Kamaldeen Ajibade     Yusuf Mubarak     Awoye     Musbau A. Akanji     Galadima     Mahmud Babatunde Baker     Onilorin Of Ilorin     Ilorin Durbar     Kaiama     Shagari     Salihu S. Yaru     Bureau Of Lands     General Hospital     Kamaldeen Kehinde     Ladi Hassan     Forgo Battery Company Limited     Amos Justus Sayo     Salman Alada     Nurudeen Muhammed     ER-KANG     Earlyon Technologies     Abiodun Abdulkareem     Ado Bayero     Makama Of Ilorin     Alabe     Simeon Ajibola     Toun Okewale-Sonaiya     Wasiu Onidugbe     General Hospital, Ilorin     Abdulahi Abubakar Bata     Kolawole Bashirat     KWASSIP     Clara Nwachukwu     Chief Imam Of Omu-Aran     Garba Ayodele Wahab     Veterinary Teaching Hospital     Saliu Ajia     Sheikh Ridhwanullah     Doyin Awoyale     Amusement Park     Abdulmumini Sanni Jawondo     Bayo Ojo     2017 Budget     Osi     Ejidongari     Nigeria Governors\' Forum     Agor Market     Government High School (GHS), Adeta     Pategi     Esuwoye     Binta Sulyman     Ibikunle Ogunleye     Suleiman Rotimi Iliasu     KFA     Bolakale Saka     Amule     Imodoye Writer’s Enclave     Okin Malt     Bilikisu Gambari     Special Agro-Industrial Hub     Bamidele Adegoke     Jimoh Olusola Imam     Owo Isowo     Isaac Aderemi Kolawole     Inside Kwara     Nigeria Foundation For Artificial Intelligence     Nurudeen Mohammed     Kwara Central     Kale Bayero     Akorede