The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar Association (NBA) for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the years.
Hassan gave the commendation in Abuja at the sensitisation seminar for external solicitors of the Corporation with the theme: “The role of NDIC external solicitors in the execution of the mandate of the Corporation”.
Bashir A. Nuhu, Director, Communication & Public Affairs Department of the NDIC stated this in a press statement issued on Monday in Abuja.
He said the NDIC boss noted that the support from its external solicitors and the judiciary were evidenced by heightened diligence in handling of the Corporation’s cases, better informed judgments from the court, bar and the bench, resulting in increased awareness on the benefits of deposit insurance schemes in the public domain.
The MD/CE also noted that the 2023 seminar was a continued attempt to consolidate on the gains recorded through previous exercises which fostered better understanding of the Deposit Insurance Scheme thereby aiding external solicitors in prosecuting its cases in the interest of bank depositors and the Nigerian financial system.
While noting that recovery of debts and realization of assets of closed banks were critical to the achievement of the Corporation’s mandate as a liquidator, Hassan stressed that the Corporation needed to continue collaborating with the Judiciary and external solicitors in handling parties’ suits against the Corporation, as well as the Corporation’s cases against debtors towards recovering the debts owed to banks under liquidation.
He therefore called on the external solicitors to continue to put in their best in prosecuting the Corporation’s cases notwithstanding the challenges confronting them.
READ ALSO FROM NIGERIAN TRIBUNE
"For instance in 2024, the authority granted approvals for 95 hospitals, 27 petrol filling stations,…
The official communication also included the names and designations of the new state caretaker committee…
In another video, Kanu introduced the Eastern Security Network (ESN), comparing it to regional security…
According to Google, here are step-by-step guides on what you can do if your Gmail…
He described the statement issued by the Independent Corrupt Practices and Other Related Offences Commission…
In a recent attack, hackers sent fake legal notices that looked like they came from…
This website uses cookies.