Tag: NDIC Act 2023

NDIC moves to seize assets, freeze accounts as debt recovery drive intensifies

Business Damilola Bayonle -
NDIC steps up debt recovery from failed banks The Nigeria Deposit Insurance Corporation has launched a renewed offensive against chronic...

NDIC Begins N54.6bn Payout to Heritage Bank Depositors

Business Damilola Bayonle -
In a landmark development marking progress in Nigeria’s banking resolution efforts, the Nigeria Deposit Insurance Corporation (NDIC) has announced...

NDIC Seeks Court Partnership to Expedite Prolonged Financial Disputes

Business Damilola Bayonle -
The Nigeria Deposit Insurance Corporation (NDIC) has called for deeper collaboration with the Nigerian judiciary. The appeal was made...