NDIC, EFCC reiterate commitment to combating financial crimes

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. 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.

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. The NDIC boss called for enhanced collaboration in the recovery of depositors’ funds to ensure that liquidation dividends are paid to depositors whose monies were lost as a result of bank failures.

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