Business
NDIC Assures Bank Customers Of Safety Of Deposits
The Managing Direc
tor, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umar Ibrahim, has assured bank depositors of the safety of their funds.
Ibrahim, said in a message to the ongoing 35th Kaduna International Trade Fair that the corporation would not shirk in its responsibilities.
“NDIC is committed to ensure that micro finance banks are effectively supervised and that depositors’ fund are well managed.
“Apart from its supervisory activities, the corporation has been providing technical support to the Micro finance banks,” he said.
Represented by Director Administration of the corporation, Mrs Christiana Afagbo, the managing director also acknowledged problems between customers and banks, adding that it had set up ways to address it.
He identified such problems as “arbitrary bank interest charges, account balances manipulation, fraud and forgeries”.
“We introduced other measures to combat such infractions by establishing a help desk which is a dedicated toll-free 24-hours telephone line,” he said.
“While some banks have taken steps in addressing the problem, the corporation has introduced measures to cut such infractions to enable bank customers and the general public report financial abuses at all times.”
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
