The Nigeria Deposit Insurance Corporation said it had commenced
payment to depositors of 154 Micro Finance Banks that the Central
Bank of Nigeria revoked their licences in 2018 due to
insolvency.
Umaru Ibrahim, Managing Director, NDIC, said this at the
Corporation’s day at the ongoing 14th edition of Abuja
International Trade Fair.
The event scheduled for September 21 to September 29 is themed
“Remodeling SMEs Financing: Option and Solutions’’.
Represented by Mr Mustapha Ibrahim, Director of Research, NDIC,
the Managing Director said that the payment was extended to
depositors of six Primary Mortgage Banks.
According to Ibrahim, in the last quarter of 2018, the CBN
revoked the licences of 154 MFBs and six PMBs due to their
insolvency and corporate governance issues.
“Hence, the corporation successfully liquidated the failed banks
and has commenced payment to the depositors of the failed banks,’’
Ibrahim said.
He said that the corporation had investigated and mediated to
address complaints from bank customers on various issues that
affect them.
“As at June 30, the corporation received 35 petitions/complaints
from banks customers on various issues such as ATM frauds,
unauthourised funds transfer and cheques-related issues.
“Investigations were carried out and where necessary, customers
were appropriately reprieved,’’ he said.
(NAN)
Small
Manhood And Premature Ejaculation Made Me Stay Away from Love
Making For 4yrs…But These Simple Solutions WORKED! Also, Your
Enlarged Prostate Can Be Reversed Now! Click Here To See My
Breakthrough![1] The Principles of Nigerian
Environmental Law — Order Your Copy Now!!!
The Principles of Nigerian
Environmental Law is a complete, comparative and international
handbook on the fundamental principles governing the protection,
conservation and sustainable utilization of the environment in
Nigeria….Click to read
more Written By
Professor Damilola S. Olawuyi, LL.B (1st
Class), BL (1st Class), LL.M (Calgary), LL.M (Harvard),
DPhil (Oxford) Professor of Law and Director, OGEES
Institute, Afe Babalola University, Ado Ekiti. For more
information or to order your copies, please contact Mr.
Keji Kolawole: [email protected][4] , Tel:
+234 81 40000 988[2][3]
Subscribe ToNairalaw News! References ^
Small Manhood And Premature Ejaculation
Made Me Stay Away from Love Making For 4yrs…But These Simple
Solutions WORKED! Also, Your Enlarged Prostate Can Be Reversed Now!
Click Here To See My Breakthrough!
(foreverliving.com.ng) ^ The Principles of Nigerian
Environmental Law — Order Your Copy Now!!!
(nairalaw.com) ^ Click to read & comment now
(nairalaw.com) ^ [email protected]
(nairalaw.com)
Read more ndic-starts-payment-to-depositors-of-154-failed-mfbs/
Awaiting Trial inmate in Prison
ASF Frances Supports 17 Inmates of Edo Correctional
Service
The Edo State Command of the Nigerian Correctional Service (NCS)
is to partner with Advocats Sans Frontieres/Lawyers Without Borders
France (ASF France) a Non-Governmental Organization (NGO) for the
benefit of 17 Inmates.
Those to be selected will include the aged, possible underaged
persons, those with critical health condition, etc. They will
benefit from the NGO’s Pro Bono Service to ensure that their right
to justice is protected and guaranteed.
The Controller of Corrections Edo State Command Joseph Usendiah
assured that most of the areas of interest of the NGO are covered
by the New NCS Act 2019. He said the Service has been vested with
more opportunities for improved management of the Custodial
facilities in the areas of Documentation, Decongestion of awaiting
trial and mentally challenged persons, condemned convict,
production in court, etc. Hence the visit is timely.
Mrs. Edugie Amihere who is the NGO’s Project Manager titled
PROCAT Case Law Manager of ASF France in Nigeria earlier stated
that the NGO aims at enhancing access to justice for victim of
torture, the promotion of respect for human rights and the
establishment of the rule of Law.
Mrs Amihere and her team commended the Correctional Service for
the efforts at improving the conditions of the inmates and stated
that the NGO will contribute to this by further pursuing support
for the Service among other stakeholders in the Criminal Justice
sector.
DSC AMINU S. SULEMAN
COMMAND PRO
NIGERIAN CORRECTIONAL SERVICE
EDO STATE COMMAND.
skybirdfamily@gmail.com