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NDIC to review insurance cover for mortgage banks’ depositors TOLA AKINMUTIMI ABUJA

T Ibrahim

Vol. 41 N0. 950 115

he Nigeria Deposit Insurance Corporation, NDIC, has unveiled plans to review upwards the insurance cover

for depositors of Primary Mortgage Banks, PMBs, as part of its commitment to ensure that risks associated with primary mortgage financing in the country are mitigated. Currently the corpora-

tion reimburses depositors of PMBs up to a maximum limit of N200,000 per depositor in the event of failure of such institution and has also developed and deployed a framework for financial CONTINUED ON PAGE 5>>

Bi-Courtney: Court upturns AMCON’s take-over bid P.4

Babalakin

Tuesday, Tuesday,June September 7, 201130, 2014

National flag designer P gets salary for life

N150

ROTIMI FADEYI ABUJA

...taxi driver, traffic warden, steward receive houses National Honours Award, a call for service –Govs

P.6

resident Goodluck Jonathan yesterday said that the designer of the national flag, Pa Michael Taiwo Akinkunmi, would receive for life a salary equivalent to that of a Special Assistant to the President. Akinkunmi, a septuagenarian, also received the national honours award of the Officer of the Order of the Federal Republic, OFR. While speaking at the CONTINUED ON PAGE 5>>

Synagogue: Fashola warns against inflating death toll P.8

Nigeria’s business environment improving –World Bank

P.49

President Goodluck Jonathan (left) presenting the Group Managing Director, Energy Group, Dr. Jimoh Ibrahim with the National Award of Commander of the Order of the Federal Republic (CFR), during the 2014 National Honours Award in Abuja, yesterday. PHOTO: ROTIMI OSASONA

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Ekiti: Police arrest 19 suspects over murder Normalcy returns to state

P.5 Abba

Five feared killed, shops burnt in Abuja riot

P.10


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