NDIC MD Applauds Diligent Prosecution of Failed Bank Cases

Photo caption: From left, NDIC MD/CE, Bello Hassan exchanges pleasantries with NDIC Head Legal Department, Henry Fomah and Emeka Ngige, SAN at the 2023 NDIC Sensitization Seminar for External Solicitors of the Corporation in Abuja.

The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has applauded the partnership between it and the Nigerian Judiciary and bar, resulting in the diligent and timely prosecution of failed bank cases over the years.
Hassan spoke 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 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 benefts of deposit insurance scheme in the public dormain.
He 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 the need for the NDIC 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.

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