{"id":114924,"date":"2024-04-02T20:44:39","date_gmt":"2024-04-02T19:44:39","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes"},"modified":"2024-04-03T00:14:44","modified_gmt":"2024-04-02T23:14:44","slug":"ndic-efcc-reiterate-commitment-to-combating-financial-crimes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes","title":{"rendered":"NDIC, EFCC reiterate commitment to combating financial crimes"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigeria Deposit Insurance Corporation, NDIC, says it remains committed to ensuring that those who contribute to the failure of banks are properly investigated and prosecuted.<\/p>\n

The Managing Director and Chief Executive of the NDIC, Bello Hassan, made this statement during a courtesy visit of the NDIC Management to the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, at the EFCC Headquarters in Abuja.<\/p>\n

Hassan noted that the NDIC plays a critical role in fighting financial crimes within the banking sector through its mandate which includes bank supervision and liquidation of licensed banks.<\/p>\n

According to him, the ultimate objective of the NDIC is to protect depositors\u2019 funds and ensure the stability of the financial system.<\/p>\n

He applauded the EFCC for its relentless efforts in the fight against corruption and financial crimes, emphasizing 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.<\/p>\n

The NDIC boss called for enhanced collaboration in the recovery of depositors\u2019 funds to ensure that liquidation dividends are paid to depositors whose monies were lost as a result of bank failures.<\/p>\n

He, therefore, solicited for the return of recoveries made by the EFCC on behalf of the NDIC to the corporation\u2019s coffers in order to facilitate the timely reimbursement of depositors.<\/p>\n

Olukoyede emphasized 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.<\/p>\n

He pledged the EFCC\u2019s commitment to deepening collaboration and synergising efforts in combating financial crimes, thereby safeguarding the integrity of Nigeria\u2019s banking sector.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigeria Deposit Insurance Corporation, NDIC, says it 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, Bello Hassan, made this statement during a courtesy visit of the NDIC Management to the Executive Chairman […]<\/p>\n","protected":false},"author":84,"featured_media":114922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,68,1423,254],"class_list":["post-114924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-efcc","tag-ndic","tag-nigeria"],"yoast_head":"\nNDIC, EFCC reiterate commitment to combating financial crimes - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Deposit Insurance Corporation, NDIC, says it remains committed to ensuring that those who contribute to the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDIC, EFCC reiterate commitment to combating financial crimes\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Deposit Insurance Corporation, NDIC, says it remains committed to ensuring that those who contribute to the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T19:44:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T23:14:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712079137.178138.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NDIC, EFCC reiterate commitment to combating financial crimes\",\"datePublished\":\"2024-04-02T19:44:39+00:00\",\"dateModified\":\"2024-04-02T23:14:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712079137.178138.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"EFCC\",\"NDIC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/ndic-efcc-reiterate-commitment-to-combating-financial-crimes\",\"name\":\"NDIC, EFCC reiterate commitment to combating financial crimes - 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