Nigerian Banks Are Healthy - NDIC

Against fears being entertained especially by investors and Nigerian businessmen and women, the Nigeria Deposit Insurance Corporation (NDIC) has said that all banks operating in Nigeria are healthy and that their workings are in line with global standards.

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

"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", he said

The NDIC Deputy Director, Research 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.