PRESIDENT TINUBU COMMENDS NIGERIA'S ARMED FORCES FOR PROTECTING DEMOCRACY IN BENIN REPUBLIC. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE President Tinubu commends Nigeria's Armed Forces for protecting democracy in Benin Republic President Bola Ahmed Tinubu has commended the gallantry of Nigeria's military on Sunday for responding swiftly to the request by the Government of Benin Republic to save its 35-year-old democracy from coup plotters who struck at dawn today. Acting on two separate requests from the Government of Benin, President Tinubu first ordered Nigerian Air Force fighter jets to enter the country and take over the airspace to help dislodge the coup plotters from the National TV and a military camp where they had regrouped.   The Republic of Benin, through its Ministry of Foreign Affairs, in a Note Verbal, requested immediate Nigerian air support "in view of the urgency and seriousness of the situation and to safeguard the constitutional order, protect national institutions and ensure the security of the population." In the second request, the authorities in Benin r...
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NDIC SEEKS LAWYERS' SUPPORT IN RECOVERING CLOSED BANKS' ASSETS. (PHOTO).

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 NDIC Seeks Lawyers’ Support in Recovering Closed Banks’ Assets


The Nigeria Deposit Insurance Corporation (NDIC) has called on external solicitors to assist in recovering assets from closed banks. NDIC Managing Director, Dr. Bello Hassan, made the appeal at a seminar in Abuja, emphasizing the role of asset recovery in settling uninsured deposits, contractor claims, and liquidation dividends.


He cited the collapse of Heritage Bank, highlighting the complexities of bank liquidation and the need for legal expertise. He stressed that NDIC plays a dual role in litigation, representing depositors and creditors while pursuing debt recovery.


Dr. Hassan reaffirmed that legal support is crucial to fulfilling NDIC’s mandate, particularly in orderly bank liquidation. He praised external solicitors for their efforts, noting that their contributions have improved legal diligence, judicial decisions, and public awareness of deposit insurance in Nigeria.

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