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.
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
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.”
Education
U.S., stakeholders meet on improving quality of higher education in Nigeria
In addition, there are seven American Fulbright scholars who are currently teaching and conducting research in different universities across Nigeria.
Lagos
Train Collision: BRT bus driver Osibanjo remanded for manslaughter
Mr Osibanjo was arraigned on a 16-count charge bordering on involuntary manslaughter and grievous harm. He, however, pleaded not guilty to the charges.
Sport
FIFA threatens not to broadcast Women’s World Cup in Europe
Mr Infantino added that the time difference between Europe and the two host countries should not be an excuse.
Africa
Rwanda evacuates nationals from Sudan
The fighting in Sudan has reportedly killed over 500 people and left over 4,000 others wounded.
Politics
Osinbajo has passion for excellence, says Buhari
“One thing that is admirable about the vice president is his passion for excellence in everything he is involved with,” said Mr Buhari.
Politics
Soyinka: Obidients now divided; some are not with us, Peter Obi claims
“Some of the Obidients, I must tell, or people they mentioned are Obidients, are not entirely people who are with us. The oppositions have come into it.”
