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All Posts in "Day: December 18, 2025"

‎Kano Governor Unveils Cycling Kano 2025 Jersey Ahead Of Saturday’s Event

R-L: Kano State Governor, His Excellency, Engr. Abba Kabir Yusuf and Senior Special Adviser to the Governor on Sports and Youth Development , Mr Sani Musa Danja at the unveiling of Cycling Kano 2025 Jersey, in Kano  on Thursday December 18, 2025.
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‎The Kano State Governor, His Excellency, Engr. Abba Kabir Yusuf has officially unveiled the Cycling Kano 2025 jersey ahead of the highly anticipated cycling event scheduled for Saturday, December 20, reaffirming the administration’s unwavering commitment to sports development, youth engagement, and the promotion of healthy living across the state.
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‎The visionary leader performed the unveiling ceremony at the Governor’s Office in Kano on Thursday along with his Senior Special Adviser on Sports and Youth Development, Mr Sani Musa Danja. The event showcased the vibrant jersey design and colours, which reflect Kano State’s rich cultural heritage, unity, and enduring passion for sports. The jersey will be worn by participants during Saturday’s event, which is expected to attract cyclists, sports enthusiasts, and spectators from across the state and beyond.
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‎The initiative aligns with the people-oriented and inclusive development agenda of His Excellency, Engr. Abba Kabir Yusuf, whose administration has continued to prioritize youth empowerment, sports revitalization, and healthy lifestyles as key drivers of social cohesion and sustainable development in Kano State.
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‎Speaking at the unveiling, Alhaki Sani Danja described the Cycling Kano initiative as a key component of the state government’s broader strategy, championed by Governor Abba Kabir Yusuf, to promote grassroots sports development and encourage an active and healthy lifestyle among residents.
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‎“Cycling Kano is more than a sporting event; it is a movement that promotes wellness, discipline, and community bonding. The jersey symbolizes our shared identity and our resolve, under the leadership of His Excellency, to position Kano as a hub for sporting excellence,” he said.
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‎The Kano State Government, led by His Excellency, Engr. Abba Kabir Yusuf, commended sponsors, partners, and stakeholders for their invaluable support in making the event a reality and urged residents to turn out in large numbers to participate and cheer on the cyclists.
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‎Saturday’s event is scheduled to commence at 7:00 a.m. from the Emir’s Palace, Kano, with adequate security and medical arrangements in place, in line with the Governor’s directive to ensure the safety and wellbeing of all participants.
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‎Cycling Kano is a state-backed initiative of the Abba Kabir Yusuf administration, aimed at promoting cycling as a competitive sport, a means of physical fitness, and an environmentally friendly mode of transportation, while fostering unity and youth empowerment across Kano State.
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‎The 2025 edition of the event, scheduled to hold on Saturday, December 20, 2025, is sponsored by the Kano State Government, Union Bank of Nigeria Plc, and NNPC, with additional support from Peak Yogurt and CWAY.
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Winifred Bosa by — December 18, 2025 in News
Fidelity Bank Enhances Maternal And Child Healthcare Delivery At ESUTH

L-R: Public Relations Officer, Enugu State University Teaching Hospital (ESUTH), Amarachi Amusi; Team Member, Optimizers Inductees Class of 2025, Precious Uchechi-Uneke; Class Governor, Optimizers Inductees Class of 2025, Chinedu Hilary-Elijah (both of Fidelity Bank Plc); Matron, Children’s Ward ESUTH, Esther Nnaji; and Team Lead, Corporate Social Responsibility (CSR), Fidelity Bank Plc, Victoria Abuka; during the Fidelity Helping Hands Program (FHHP) outreach to ESUTH recently.

Fidelity Bank Plc has brought relief to indigent patients at the Enugu State University Teaching Hospital (ESUTH) Parklane, by offsetting medical bills and providing financial support to children battling chronic health conditions alongside donations of ante-natal kits to pregnant women.

 

The intervention, which was carried out under the bank’s Corporate Social Responsibility (CSR) initiative known as Fidelity Helping Hands Programme (FHHP), was funded and executed by newly inducted employees of the bank, the Optimizers Inductees Class, as their community impact project, with matching financial support from the bank.

 

Commenting on the outreach, Divisional Head, Brand and Communications Division, Fidelity Bank Plc, Dr Meksley Nwagboh, highlighted that the initiative underscores the bank’s commitment to improving lives through targeted social interventions across its four CSR pillars.

 

“This project reflects the spirit of who we are as a bank. Beyond providing financial services, we are committed to touching lives within the communities where we operate. Today, we are donating ante-natal kits to pregnant women and also supporting indigent patients who have remained in the hospital due to unpaid bills. Some of the children also require long-term medical care, so we have given additional financial support to aid their continued treatment,” Dr Nwagboh said.

 

Whilst wishing the beneficiaries quick recovery and good health, Nwagboh described the intervention as both significant and timely, enabling many families to reunite and celebrate the festive season without the burden of outstanding hospital debts.

 

Receiving the donation, the Chief Matron of the Children’s Ward, Esther Nnaji, commended Fidelity Bank for the timely intervention, describing it as a lifeline for families grappling with rising healthcare costs.

 

“There are so many families here in desperate need. Some of the children are battling cancer, sickle cell disease and other chronic conditions. Fidelity Bank’s support will go a long way in relieving their pain. Because of what you have done, some of these children will now be able to see their siblings again,” she said.

 

Several beneficiaries expressed deep gratitude to Fidelity Bank for easing their financial burdens. Mrs. Adaeze Ilo, whose baby’s bill was cleared, said the support came at a moment of despair.

 

“After spending months in the hospital, we had no idea how to raise the money,” she said. “Fidelity Bank came through for us when we needed it the most. We are deeply grateful.”

 

Another relieved parent, Jane Anthony, whose son’s bill was cleared, said her family had already accepted that they would spend Christmas in the hospital.

 

“God used Fidelity Bank to send us home to enjoy Christmas. My heart is full.” she said.

The recent outreach to Enugu State University Teaching Hospital further highlights Fidelity Bank’s continued commitment to supporting vulnerable groups and strengthening community well-being across Nigeria through community-driven CSR efforts.

 

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

 

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Online Poster by — December 18, 2025 in News
DEPOSITORS’ REIMBURSEMENT TO RECEIVE MAJOR BOOST AS NDIC, NIBSS SET TO SIGN MOU

The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-
Bank Settlement System (NIBSS) Plc. are set to sign a Memorandum of
Understanding (MoU) aimed at ensuring a more efficient process of
reimbursement of depositors in the event of bank failure.
This development was disclosed by the Managing Director/Chief
Executive of the NDIC, Mr. Thompson Oludare Sunday, during a
courtesy visit to the Corporation’s Head Office in Abuja by the NIBSS
Executive Management team led by its Managing Director/Chief
Executive, Mr. Premier Oiwoh.
Mr. Sunday commended NIBSS for its longstanding partnership and
invaluable contributions to strengthening the Corporation’s mandate of
protecting depositors and enhancing public confidence in the banking
system. He highlighted the pivotal role played by the NIBSS in driving
digital verification processes, particularly through the deployment of the
Bank Verification Number (BVN) platform, which enabled seamless
payment to the alternate bank accounts of depositors of failed Heritage
Bank Limited.
“You have been a reliable partner and NDIC remains committed to that
partnership. Without NIBSS’s support, it would have been difficult to
achieve the milestone we attained with the closure of failed Heritage
Bank despite the impromptu nature of the arrangement. That is why it is
important for us to concretise our partnership through this MoU”, the
NDIC MD/CE stressed.
Mr. Sunday highlighted key areas to be covered by the MoU such as
real-time synchronization of NDIC’s deposit registers and electronic
records to allow for swift verification of eligible accounts during bank
resolution; expansion of disbursement channels for depositor claims to
include Mobile Money Operators (MMOs) and possible NDIC-branded
mobile interface; and investment in Single Customer View (SCV) and
interoperability infrastructure for instant validation in the event of bank
failure.

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The NDIC Boss commended NIBSS for reforming the payments system
in Nigeria and putting it ahead of its peers in most part of the world,
adding that efforts of the NIBBS platform in mitigating frauds in the
financial system are laudable.
In his response, the NIBSS MD/CE, Mr. Premier Oiwoh, expressed
appreciation to the NDIC leadership for the sustained partnership that is
geared towards a safer and smooth payment system in Nigeria over the
years. He reaffirmed NIBSS’s full commitment to supporting the
Corporation in the delivery of its mandate of depositor protection,
emphasizing that NIBSS exists to serve Nigerians and stands ready to
provide the technological backbone required to enhance financial
system stability.
Mr. Oiwoh emphasized the critical importance of prompt and efficient
reimbursement during bank failures, noting that the NDIC’s efforts in this
regard directly contribute to public trust and financial inclusion. He
assured that his organisation is working closely with law-enforcement
agencies to proactively reinforce the safety of the nation’s payment
system, as well as strengthen its infrastructure to lower the cost of
transactions on its platforms.
The MoU between both institutions is expected to usher in a new era of
digitized, responsive, and technology-driven depositor reimbursement
process, ultimately reinforcing confidence in Nigeria’s financial safety-net
framework.
Hawwau Gambo,
Head, Communication & Public Affairs Department
December 17, 2025
www.ndic.gov.ng

Online Poster by — December 18, 2025 in News
NDIC Commences Liquidation Of Aso Savings, Union Homes

Following the revocation of the licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc by the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC) has commenced liquidation of the two financial institutions.
NDIC was appointed as the liquidator of the defunct banks in line with the provisions of Section 12(2) of the Banks and Other Financial Institutions Act (BOFIA) 2020 and the corporation

Commencement of Liquidation:

In line with Section 55, subsections 1 & 2 of the NDIC Act 2023, the Corporation has commenced the liquidation process for Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. Accordingly, the verification and payment of insured deposits to depositors of the closed banks have begun as outlined below:
Verification and Payment of Depositors

Depositors will be paid their insured deposits up to the maximum amount of N2,000,000 (Two Million Naira) per depositor, using the Bank Verification Number (BVN) as a unique identifier to locate their alternate bank accounts, into which the insured sums will be automatically credited.
Depositors with balances in excess of N2,000,000 will be paid the initial insured amount, while their outstanding balances will be settled as liquidation dividends upon the realisation of the assets and recovery of debts owed to (of) the failed banks.

To this end, the Corporation will commence the sale of the banks’ assets and continue recovery of outstanding loans in order to expedite payment of uninsured sums.
Submission of Claims
Verification and processing of depositors’ claims may be carried out online or physically, as follows:

Online Submission of Claims:

Depositors are advised to submit their claims online by visiting the NDIC claims portal at https://ndic.gov.ng/claims-verification-forms/ completing the digital claims form with all required information, and clicking the “Submit” button.

Physical Submission Of Claims:

Depositors who prefer physical verification are advised to visit the nearest branch of the closed banks between Tuesday, December 16, 2025 and Thursday, December 30, 2025, where NDIC officials will be available to attend to them.
For verification of deposits and subsequent payment of insured sums, depositors are required to present:
Proof of account ownership;
A verifiable means of identification (Driver’s License, Permanent Voter’s Card, or National Identity Card); and
Details of their alternate bank account and Bank Verification Number (BVN).

Activate Transaction Alerts

Depositors are advised to ensure that transaction alerts are activated for their alternate bank accounts in order to receive notifications of payments. Where alerts are not active, depositors may check their account balances using their banks USSD codes or by visiting their bank branches.

Verification And Payment To Creditors

Creditors of the closed banks are advised to submit their claims online or by visiting the nearest branch of the banks between Tuesday, December 16, 2025 and Thursday, December 30, 2025.
In accordance with the provisions of the law, payment of liquidation dividends to creditors will commence after all depositors have been fully paid.

Payment To Bank Staff

After the full payment to all depositors, payment of deposit of staff of the defunct banks will be made from the proceeds of the sale of the banks’ assets, as liquidation dividends.
Payments to Shareholders
Following the full payment to Depositors and Creditors, Shareholders shall subsequently be paid from further realisation of the banks’ assets and the recovery of outstanding debts, as liquidation dividends.

Debtors’ Repayment of Outstanding Loans

Debtors of the defunct banks are advised to visit the Corporation’s Asset Management Department to ensure the settlement of their indebtedness in full.

Enquiries and Further Information
For further information or clarification on claims verification and payments, depositors and other stakeholders may contact the Corporation through the following channels:

E-mail: claimscomplaints@ndic.gov.ng

Claims Resolution Department:
(Weekdays: 9:00 a.m. to 5:00 p.m.)
Telephone Numbers:
09037273810, 09038197064, 08109313326, 08104220807,

Online Poster by — December 18, 2025 in Insurance and Pension
Depositors’ Reimbursement To Receive Major Boost As NDIC, NIBSS Set To Sign MOU

L – R: EXPLORING COLLABORATION: Deputy General Manager, Enterprise Support Services, Nigeria Interbank Settlement System (NIBSS), Mr Bola Enigbokan, Managing Direxctor/CE, Mr. Premier Oiwoh; Managing Director/CE, Nigeria Deposit Insurance Corporation, Mr. Thompson Oludare Sunday; and ED (Corporate Services, Emily Osuji during a courtesy visit by NIBSS Management team to the NDIC.
The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc. are set to sign a Memorandum of Understanding (MoU) aimed at ensuring a more efficient process of reimbursement of depositors in the event of bank failure.
This development was disclosed by the Managing Director/Chief Executive of the NDIC, Mr. Thompson Oludare Sunday, during a courtesy visit to the Corporation’s Head Office in Abuja by the NIBSS Executive Management team led by its Managing Director/Chief Executive, Mr. Premier Oiwoh.
Mr. Sunday commended NIBSS for its longstanding partnership and invaluable contributions to strengthening the Corporation’s mandate of protecting depositors and enhancing public confidence in the banking system. He highlighted the pivotal role played by the NIBSS in driving digital verification processes, particularly through the deployment of the Bank Verification Number (BVN) platform, which enabled seamless payment to the alternate bank accounts of depositors of failed Heritage Bank Limited.
“You have been a reliable partner and NDIC remains committed to that partnership. Without NIBSS’s support, it would have been difficult to achieve the milestone we attained with the closure of failed Heritage Bank despite the impromptu nature of the arrangement. That is why it is important for us to concretise our partnership through this MoU”, the NDIC MD/CE stressed.
Sunday highlighted key areas to be covered by the MoU such as real-time synchronization of NDIC’s deposit registers and electronic records to allow for swift verification of eligible accounts during bank resolution; expansion of disbursement channels for depositor claims to include Mobile Money Operators (MMOs) and possible NDIC-branded mobile interface; and investment in Single Customer View (SCV) and interoperability infrastructure for instant validation in the event of bank failure.
The NDIC Boss commended NIBSS for reforming the payments system in Nigeria and putting it ahead of its peers in most part of the world, adding that efforts of the NIBBS platform in mitigating frauds in the financial system are laudable.
In his response, the NIBSS MD/CE, Mr. Premier Oiwoh, expressed appreciation to the NDIC leadership for the sustained partnership that is geared towards a safer and smooth payment system in Nigeria over the years. He reaffirmed NIBSS’s full commitment to supporting the Corporation in the delivery of its mandate of depositor protection, emphasizing that NIBSS exists to serve Nigerians and stands ready to provide the technological backbone required to enhance financial system stability.
Mr. Oiwoh emphasized the critical importance of prompt and efficient reimbursement during bank failures, noting that the NDIC’s efforts in this regard directly contribute to public trust and financial inclusion. He assured that his organisation is working closely with law-enforcement agencies to proactively reinforce the safety of the nation’s payment system, as well as strengthen its infrastructure to lower the cost of transactions on its platforms.
The MoU between both institutions is expected to usher in a new era of digitized, responsive, and technology-driven depositor reimbursement process, ultimately reinforcing confidence in Nigeria’s financial safety-net framework.
Online Poster by — December 18, 2025 in News