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The Nigeria Deposit Insurance coverage Company stated it has commenced the method to pay all depositors of 182 banks affected by the latest revocation of the licenses by the Central Financial institution of Nigeria.
The affected banks embody 178 Microfinance Banks and 4 Major Mortgage Banks. 62 of them had already closed store, 74 had been declared bancrupt whereas 12 had been briefly distressed and the remaining six voluntarily liquidated
The Managing Director of NDIC Alh. Bello Hassan gave the reassurance Friday whereas talking throughout a two-day capacity-building workshop organised for senior administration workers of the company in collaboration with the Bureau of Public Procurement held at 4 Factors by Sheraton resort, Ikot Ekpene with the theme: ‘Outcome Based mostly Procurement: A Strategic Strategy.”
Hassan who was represented by the Govt Director, Operation, Alh Mustapha Ibrahim stated that the company wouldn’t compromise requirements and would additionally make sure that no room is left for public panic over the security of financial institution deposits.
He said that NDIC would proceed to strengthen the monetary system to appropriately help the financial development of the nation and in addition contribute meaningfully to monetary system stability.
He stated, “It is usually pertinent to remind ourselves of the position the Nigeria Deposit Insurance coverage Company (NDIC) continues to play as a key participant within the Monetary Security-Web association of the nation’s banking system as a Deposit Insurer; others being; the prudential Regulation & Supervision, Failure Decision, Deposit Insurance coverage and Lender of Final Resort perform of the Central Financial institution of Nigeria.
“These parts proceed to safeguard the security and soundness of the banking system in addition to promote monetary stability.
“Following the latest revocation of the licenses of 178 Microfinance Banks (MFBs) and 4 Major Mortgage Banks (PMBs) by the Central Financial institution of Nigeria (CBN), the Nigeria Deposit Insurance coverage Company (NDIC) has since commenced the liquidation train with the principle objective of paying the assured sum, restoration of money owed owed the banks, sale of bodily belongings and cost of liquidation dividend on the uninsured sum
“The NDIC is hereby assuring depositors of the closed banks of speedy cost of their insured sums.”
Hassan expressed delight that the collaboration and coaching of Procurement Workers by BPP has facilitated waste discount, blocked leakages, improve wholesome competitors and transparency, and by extension would make NDIC grow to be “one of many Greatest Deposit Insurers on this planet”.
In his comment, the Director-Normal of the Bureau of Public Procurement, Alh. Mamman Ahmadu stated that any public procurement with out plans and data is tantamount to criminality.
Ahmadu, represented by the Director, Analysis and Improvement/ICT, Alh. Aliyu Aliyu assured that the company would proceed to collaborate with NDIC to make sure clean crusing on procurement.
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