NDIC calls for stiffer penalties against rising insider related non-performing loans

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Nigeria Deposit Insurance Corporation, NDIC, has expressed concern over the increasing wave of non-performing insider loans in various banks and its consequence on the stability of the nation’s banking system. Managing Director/Chief Executive of NDIC, Alhaji Umaru Ibrahim expressed this concern while receiving the newly elected President & Chairman of Council of the Chartered Institute

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Source:: Nigerian Pilot