• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, June 2, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NDIC assures Nigerians of safety of bank deposits

NDIC

The Matters Press by The Matters Press
March 31, 2023
Reading Time: 2 mins read
0
NDIC gives hope to customers of Fortis Bank

The Nigeria Deposit Insurance Corporation (NDIC) on Thursday in Enugu assured depositors of the safety of their money against unusual bank failures.

RELATED POSTS

CUPP goofs over President Tinubu’s 2027 endorsement by governors

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

Tinubu explains mission as he marks second year in office

The assurance was given by the Senior Manager, Enugu Zonal Office of NDIC, Mr Othman Afolayan who represented the Managing Director, Mr Bello Hassan at the NDIC Day at the on-going 34th Enugu International Trade Fair.

He said the corporation was determined to enhance public confidence in the financial system by ensuring that customers’ deposits in banks were safe and protected.

He explained that the NDIC, in conjunction with the CBN supervised money deposit banks to ensure that they were run in safe and efficient manner.

This, he added, was done in line with extant laws and regulations and ensuring the resolution of distress in banks to reduce instances of failure.

“We are at the trade fair to showcase the mandate and activities of the NDIC, particularly our contributions to the stability of the country’s financial system.

“We want the general public to know and reflect always that their deposits are safe and that in the unusual event of a bank failure, the NDIC is here to protect them, especially the small savers,’’ he said.

He, however, advised depositors to ensure that their phones have strong password and avoid sharing their bank mobile app password with third parties.

Earlier, President, Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), organisers of the trade fair, Mr Jasper Nduagwuike, commended NDIC for its continued support for the fair in the last 12 years.

He was represented by the First Deputy President of ECCIMA, Mr Odega Jideonwu.

“We are very pleased with the opportunity NDIC has offered today, to enable us to interact, exchange views and learn more about their activities.

“Permit me to use this opportunity to encourage the CBN, through its regulatory framework to make the work of NDIC much easier by ensuring that the chances of bank failures are reduced to the barest minimum.

“CBN should also guard against depositors going through harrowing experiences, particularly in this period of excruciating hardship.

Jideonwu added that efforts should be made to ensure that CBN’s cashless policy did not create unnecessary panic and pressure on bank depositors.

Tags: NDIC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Next Post
The $2.5bn Dangote Fertiliser plant

AfricaFertilizer holds data validation workshop for Nigerians

Nigeria’s revenue dips by 60%

Sylva resigns as minister of petroleum

Recommended Stories

Gombe: Troops take over to enforce peace

Gombe: Troops take over to enforce peace

April 28, 2019
Nigeria’s food monthly imports dip

Bankers committee to resolve structural issues inhibiting non-oil export receipts – Emefiele

December 9, 2022
Trading in Nigerian stock market dips further N83bn

Digital transformation to drive stock market

February 3, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • CUPP goofs over President Tinubu’s 2027 endorsement by governors
  • Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling
  • Tinubu explains mission as he marks second year in office

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us