Nigerian Banks Are Healthy, Says NDIC | Independent Newspapers Limited
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Nigerian Banks Are Healthy, Says NDIC

Posted: Jun 15, 2015 at 7:11 pm   /   by   /   comments (0)


By Chinwendu Nnadozie-Snr, Minna

Nigeria Deposit Insurance Corporation (NDIC) has said that all banks operating in Nigeria are healthy and are workings in line with global standards.

“Nigerian banks are relatively healthy in line with global standards. It is unlikely announcing the healthy status of our banks in the public but we normally say in aggregate and I think our annual report will soon be released and be made available for public scrutiny.”

The Deputy Director, Research, NDIC, Hashim Ahmad, disclosed this while addressing journalists shortly after the sensitization of the 2015 Batch ‘A Stream 2’, National Youth Service Corps (NYSC) members at the orientation camp, Paiko in Niger State.

Hashim also said that the

corporation undertakes proper supervision of the banks in the country as insurer to ensure they remain healthy, adding, “The annual report normally summarizes the health or otherwise status of the industry”.

The NDIC deputy director also said: “We don’t particularly say Bank A or B is distressed. We are simply saying that on aggregate basis we will tell you the industry is this or that, but we undertake supervision of the banks as insurer as you know, no insurer will sit back and allow his risk to crystallize before he wakes up.

“We are embarking on the supervision of banks to ensure they remain safe and sound.”