The Senate Committee on Banking, Insurance and Other Financial Institutions has expressed commitment for the accelerated amendment of the Nigeria Deposit Insurance Corporation (NDIC) Act.
According to the Chairman of the committee, Sen. Rafiu Ibrahim, this is to eliminate the gaps that have hindered the benefits of implementing the Deposit Insurance System (DIS) in Nigeria.
Ibrahim stated this Tuesday in Abuja, when he led his team to pay an oversight visit to the corporation.
Welcoming the team, the MD/CEO of the corporation Umaru Ibrahim, updated the committee on the recent activities of the corporation including the response of NDIC to the revocation of the licences of 153 Micro-Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs) by the Central Bank of Nigeria (CBN).
READ ALSO BPE dispels rumour of BEDC, Discos’ licence renewal
Members of the committee were informed that the corporation had already commenced the payment of…
Read More…..The Sun News
