NDIC pays N97 b to 528 , 000 liquidated banks’ depositors

• Says banks are healthy

THE Nigeria Deposit Insurance Corporation ( NDIC ) said
it has paid N 97billion to 528 , 500 depositors of 14
banks and 103 Micro-finance Banks ( MfBs ) liquidated
between 1991 to date.

Its Head , Media and Public Relation , Alhaji Hadi Sule
Bauchi who spoke to newsmen shortly after a day
training to over 2000 National Youth Service Corp
( NYSC) members at Ge Yakubu Gawon Orientation
Camp in Dutse , Jigawa State.

He said as the primary responsibility of the NDIC is to
provide safety and guaranty to bank depositors .
According to him , despite its existence for over 23
year and its achievements, majority of Nigerians are
not aware of its existence or the services it provides .
“ Due to the fear of risk of collapse many Nigerians are
very hesitant to open account for depositing their
money in the banks .

“ Base on this , we chose those over 2000 corp
members who are under going orientation in this Gen
Yakubu Gawan NYSC orientation camp , for a special
sencitaisation workshop on the Activities of NDIC. ”
Meanwhile, the corporation yesterday gave a clean bill
of health to the banking sector , decalaring all the
licenced banks in the country healthy and operating in
line with global standards.

Its Executive Director, Research , Malam Hashim Ahmad
who spoke in Paiko , Paikoro Local Government Area of
Niger State after a sensitisation seminar for Batch A
Stream II members of the NYSC at the Niger State
Permanent Camp in Paiko , said the lenders are
healthy .

Ahmad said : “ Our banks are relatively healthy in line
with global standards . We don ’t normally announce the
healthy status of our banks in the public but we
normally say in aggregate and I think our annual report
will soon be released and be made available to the
public.

“ The annual report normally summarises the health
status of the industry but aggregatively all the banks in
the country are relatively healthy . ”
Ahmad said the NDIC undertakes proper supervision of
banks in the country as insurer to ensure they remain
healthy .
“ We undertake supervision of the banks as insurer , as
you know , no insurer will sit back and allow his risk to
crystalize before he wakes up. We embark on the
supervision of banks to ensure they remain safe and
sound, ” he said .

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