NDIC lauds judiciary over prompt prosecution of failed banks’ cases



Uba Group

The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Bello Hassan, has commended the judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed banks’ cases over the years.

Hassan gave the commendation at the sensitization 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” in Abuja.

The NDIC boss said the support from its external solicitors and the judiciary was 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 benefts of deposit insurance scheme in the public dormain.

He added 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.

The NDIC boss noted that recovery of debts and realization of assets of closed banks were critical to the achievement of the Corporation’s mandate as a liquidator.

He 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 called on the external solicitors to continue to put in their best in prosecuting the Corporation’s cases, notwithstanding the challenges confronting them.