Friday, July 3, 2026

Failed Banks: NDIC commends courts for timely trials

The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary for the timely prosecution of failed bank cases over the years.

• May 2, 2023
Gavel used to illustrate the story
Gavel used to illustrate the story

The Nigeria Deposit Insurance Corporation (NDIC) has commended the judiciary for the timely prosecution of failed bank cases over the years.

On Monday, the commendation was contained in a statement by Bashir Nuhu, the NDIC spokesman.

The statement said the NDIC managing director, Bello Hassan, gave the commendation in Abuja.

Mr Hassan said support from its external solicitors and the judiciary was evidenced by heightened diligence in handling the corporation’s cases and making informed judgments from the court.

He said the support had also increased awareness of the benefits of the deposit insurance scheme in the public domain.

Mr Hassan said the recovery of debts and realisation of assets of closed banks were critical to achieving the corporation’s mandate as a liquidator.

He explained that the NDIC would continue collaborating with the judiciary and external solicitors in handling parties’ suits against the NDIC.

”We must also collaborate with the judiciary and solicitors in handling the corporation’s cases against debtors toward recovering the debts owed to banks under liquidation,” stated the NDIC boss.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Sport

Drama as Portugal edge Croatia in 2026 FIFA World Cup

Goncalo Ramos scored a late, late winner as Portugal came from behind to beat Croatia at the 2026 FIFA World Cup.

NationWide

NCoS foiled attempts to smuggle bomb into Akwa Ibom prison: Official

Ms Osuji said the foiled IED smuggling attempt at the medium security custodial centre in Ikot Ekpene prevented what could have been a major security breach.

Saleh Mamman

Heading 1

Court orders forfeiture of more properties linked to ex-power minister Saleh Mamman

The anti-graft agency prosecuted the ex-minister for alleged N33.8 billion money-laundering offences.

States

Troops bust illegal firearms network in Kebbi, arrest two

Mr Danja said the operation was conducted in close collaboration with other security agencies.

NYSC

Hot news Home top

Youths minister recants, says adire not replacing NYSC khaki

Mr Olawande acknowledged that he mentioned Adire and Ankara in the interview, but maintained that he cited them only as proposed choices.

Nigerians alighting from Air Peace plane from South Africa.

Diaspora

Xenophobia: Tinubu govt urged to create entrepreneurs fund for Nigerians repatriated from South Africa

The NUSA spokesman urged Mr Tinubu to leverage Nigeria’s economic relationship with South Africa more strategically.