Nigeria Deposit Insurance Corporation boss Oludare Sunday told the Nigerian Institution of Estate Surveyors and Valuers that getting asset valuations right matters when liquidating busted banks. The money from selling those assets goes toward paying back depositors who had more than the insured limit stashed away, and bad valuations mean people lose cash they should have gotten back.
Sunday wants NIESV to keep its ethics tight and avoid insider nonsense while NDIC builds better internal systems. Dr. Victor Adekunle Alonge from NIESV showed up at the NDIC office in Abuja, promising his crew will stay professional and help the corporation do better work managing failed bank assets.
Both groups agreed they need joint training programs and stronger oversight to stop the financial sector from imploding when banks go under.
Sunday wants NIESV to keep its ethics tight and avoid insider nonsense while NDIC builds better internal systems. Dr. Victor Adekunle Alonge from NIESV showed up at the NDIC office in Abuja, promising his crew will stay professional and help the corporation do better work managing failed bank assets.
Both groups agreed they need joint training programs and stronger oversight to stop the financial sector from imploding when banks go under.
