Tag: NDIC

Cheta Nwanze: What NDIC really needs to succeed

The Nigerian Deposit Insurance Scheme had an event yesterday, which I was due to attend. Unfortunately, I had to skip town in a hurry, but a colleague attended on my behalf. The NDIC is one of those understated, but very important organisations in Nigeria. It was set up as a[Read More…]

Three Million Nigerians Lost N18 billion To MMM Ponzi Scheme – NDIC Reveals

The Nigerian Deposit Insurance Corporation, NDIC, has said that an ?estimated three million Nigerians lost N18 billion in the MavrodiMundial Movement, MMM, ponzi scheme. While speaking at the NDIC day at the ongoing 38th KadunaInternational Trade Fair on Thursday,the Managing Director of thecorporation, Umaru Ibrahim, decried the development. Over three[Read More…]