Tuesday, July 21, 2026

Nigeria Deposit Insurance Corporation (NDIC)

November 28, 2022

NDIC builds regulatory capacity to clamp down on ponzi schemes

The organisation wants the public to report ‘wonder banks’ via the NDIC website.

Nigeria Deposit Insurance Corporation (NDIC)
August 10, 2022

Ponzi scheme: NDIC warns Nigerians about fraudulent financial institutions

“There are a lot of ponzi schemers across the country, especially in local places,” said NDIC.

Nigeria Deposit Insurance Corporation (NDIC)
April 28, 2021

Amid dissent, Senate passes AMCON amendment bill

The bill empowers AMCON to manage or sell property traced to debtors, whether or not such asset or property was used as collateral for obtaining the loan.

President of the Nigerian Senate, Ahmad Lawan
January 23, 2021

Buhari’s ex-anti-corruption aide charged with forgery, multi-million naira fraud

Mr. Obono-Obla and his co-defendants pleaded not guilty, praying that the court grant them bail in liberal terms.

Okoi Obono-Obla
December 21, 2020

CBN shuts 42 microfinance banks, gives depositors deadline to verify claims

NDIC has been instructed to liquidate assets of the ‘non performing’ banks.

CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]