Sunday, June 22, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

NDIC, EFCC Strengthen Partnership to Curb Financial Crimes in Banks

EconomyFoot Print by EconomyFoot Print
March 24, 2024
in Finance | Insurance | Pension, Top News
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

Related posts

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

SanlamAllianz flags off 12-City Roadshow to Deepen Customer Engagement and Awareness

June 20, 2025
BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

BNY Mellon, Standard Bank to Facilitate Access to Nigerian Naira Debt — Bloomberg

June 19, 2025

The Nigeria Deposit Insurance Corporation (NDIC) remains committed to ensuring that those who contribute to the failure of banks are properly investigated and prosecuted. The Managing Director and Chief Executive of the NDIC, Mr. Bello Hassan made the remark during a courtesy visit of the NDIC Management to the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede at the EFCC Headquarters in Abuja.
Mr. Bello Hassan explained that the NDIC plays a critical role in combatting financial crimes within the banking sector through its mandate which includes bank supervision and liquidation of licensed banks. The ultimate objective, he added, is to protect depositors’ funds and ensure the stability of the financial system. He commended the EFCC for its relentless efforts in the fight against corruption and financial crimes emphasising the indispensable role it plays as a key member of the Taskforce on Implementation of the Failed Banks Act which is chaired by the NDIC. 
Mr. Hassan elaborated on the existing partnership between the two organisations which led to the establishment of the NDIC Help Desk in the EFCC in August 2022. As a result, he added, a total number of 10 high profile cases referred to the Commission are currently under investigation. The NDIC Boss called for enhanced collaboration in the recovery of Depositors’ funds to ensure that liquidation dividends are paid to depositors whose monies were lost as a result of bank failures. He, therefore, solicited for the return of recoveries made by the EFCC on behalf of the NDIC to the Corporation’s coffers in order to facilitate the timely reimbursement of Depositors.
The EFCC Chairman Mr. Ola Olukoyede emphasised the interconnection between criminal activities and bank failures, urging NDIC and the Central Bank of Nigeria (CBN) to intensify oversight to prevent the risk of bank failure. He pledged the EFCC’s commitment to deepening collaboration and synergising efforts in combating financial crimes, thereby safeguarding the integrity of Nigeria’s banking sector.

Previous Post

BIPC Births Investment Clinic Progamme on Radio Benue 

Next Post

Again Troops Rescue Another Set Of  137 Kuriga School Children 

Next Post

Again Troops Rescue Another Set Of  137 Kuriga School Children 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Troops Nab 10 Criminals In Taraba State, Recovers Arms, Ammunition In Multiple Operations

11 months ago

Group Commends Tinubu, Shower Praises On COS, Ministers, Service Chief

7 months ago

How Nigeria is Reaping from Air Liberalization – Sirika

3 years ago

Abuja airport gets magistrate court

3 years ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Minister Orders NIHOTOUR To Halt Enforcement Actions Nationwide
  • Embattled Agunloye Connived With A Firm That Impersonates SDP To Make False Appointments
  • NCAA Promotes Staff Healthiness, Productivity Through Sporting Activities– Director

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Minister Orders NIHOTOUR To Halt Enforcement Actions Nationwide

June 22, 2025
Embattled Agunloye Connived With A Firm That Impersonates SDP To Make False Appointments

Embattled Agunloye Connived With A Firm That Impersonates SDP To Make False Appointments

June 22, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion