NDIC to Shut Down Some Banks over Default, Blames Cabals for Failure

Nigeria Deposit Insurance Corporation (NDIC) is working on a winding-up rule that will allow it to take down failing institutions, according to Bello Hassan, managing director of NDIC. Hassan stated this in Port Harcourt, Rivers State at a sensitization seminar organized for judges of national industrial courts and members of the investment and security tribunal. […]