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The NDIC has a supervisory role over insured banks. In April 1996, the Chief Executive of NDIC said that the corporation had 514 case files of insider abuse and corruption for the police to prosecute. [6] In December 2007, the NDIC announced that as of January 1, 2008 it would start providing deposit insurance services to microfinance ...
The Nigeria Deposit Insurance Corporation took over as liquidator, sealing the bank's offices. [5] At the time it was closed, the bank had 140 branches. [6] The bank's owners fought the closure in court. In a ruling on 20 October 2006, the Abuja High Court said the CBN had acted properly in revoking the bank's licence. Further appeals followed. [7]
The Nigeria Deposit Insurance Corporation took over as liquidator, sealing the bank's offices. The matter dragged through the courts, with the bank's owners eventually being awarded damages of N100 million in February 2009.
In June 2009, the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) restored the license of the Savannah Bank, in which Jim Nwobodo holds a major stake, in compliance with a February 2009 Appeal Court ruling in Abuja. [14]
Deposit Insurance, Federal Deposit Insurance Corporation. Accessed November 18, 2024. Accessed November 18, 2024. SoFi Receives Regulatory Approval to Become a National Bank , SoFi.
In 2018, Carbon, a Nigerian fintech startup, made its financials public for the first time. There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia's ...
Nigeria Deposit Insurance Corporation (NDIC) Nigeria Investment Promotion Commission (NIPC) Nigerian Export - Import Bank (NEXIM Bank) Nigerian Export Promotion Council (NEPC) Oil and Gas Free Zones Authority (OGFZA) Nigeria Export Processing Zones Authority (NEPZA) Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)
She worked with Crescent high insurance brokers from 1990 to 1999 [1]. Abiola-Edewor represented Lagos Apapa federal constituency in the national assembly for two terms from 1999 [4] to 2007,first under the platform of Alliance for Democracy for four years then under the Peoples Democratic Party for another four years.