Reports: Six Banks Paid N453.71 Billion as Levies, Insurance Premium to AMCON, NDIC in H1, 2024
Kayode Tokede
Access Holdings Plc and five other publicly-listed Nigerian banks paid N453.71 billion as banking sector resolution costs and deposit insurance premiums
to the Asset Management Corporation of Nigeria (AMCON) and Nigeria Deposit Insurance Corporation (NDIC), respectively in the first half of 2024 that ended in June 2024, according to the audited/unaudited reports of the
six banks collated by THISDAY. The N453.71 billion represents about a 57.2 per cent increase from the N288.6 billion the six banks paid in the first half of 2023. The other banks are Zenith
Bank Plc, FBN Holdings Plc, Guaranty Trust Holding Company Plc (GTCO), Stanbic IBTC Holdings Plc, and FCMB Group Plc. The banking sector resolution cost represents the AMCON’s
levy, which applies to the total balance sheet size of the bank. The current applicable rate based on the AMCON Act of 2015 is 0.5 per cent of total assets plus total off-balance sheet assets. AMCON was established in
2010 in a bid to stabilise the Nigerian banking system by efficiently resolving the nonperforming loan assets of the banks in the economy. Continued on page 5
Tinubu, Shettima, Akpabio, Others Eulogise First Lady on Her 64th Birthday… Page 6 Sunday, September 22, 2024 Vol 29. No 10749
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Air Chief: FG Delivered 12 Aircraft to NAF in One Year Says more to be delivered in coming months CDS restates armed forces’ commitment to restoring peace John Shiklam in Kaduna and George Okoh in Makurdi The Chief of the Air Staff (CAS), Air Marshal Hassan Abubakar, has stated that the federal government delivered 12 aircraft to the Nigerian
Air Force (NAF) in the last year, adding that more will be delivered in the coming months. This is coming as the Chief of Defence Staff (CDS), General Christopher Musa, has said the Armed Forces and other security
agencies are unwaveringly committed to restoring peace in the country. Abubakar stated this at the Air War Course 10/2024 graduation ceremony of the Air Force War College at the weekend in Makurdi, the state capital.
He said the federal government deployed the newly acquired platforms to the service between September 2023 and September 2024, adding that the NAF was expecting to take delivery of more platforms in the coming months.
“In line with the federal government’s resolve to adequately equip the Nigerian Air Force for the safe conduct of training and agile airpower employment to meet the nation’s security challenges, it is indeed gladdening to note that,
between the last Air War Course graduation in September last year and today, we have taken delivery of 12 new platforms. “These include four Diamond 62 Continued on page 5
APC ClaimsVictory in 13 Edo LGAs, PDP Protests Suppression of Votes in Three Populous LGs Akpabio, Obaseki, Sanwo-Olu, Abiodun, Oborevwori, Otu, Aiyedatiwa storm INEC office Police arrest suspects for vote-buying, other offences See story on page 5 Oshiomhole denies vote-buying allegation against APC
All Progressives Congress governorship candidate in Edo State, Senator Monday Okpebholo casting his vote at Polling Unit 001, Ward 2, Udomi Primary School, Irrua, in Esan Central Local Government Area of the state…yesterday
The governorship candidate of the Peoples Democratic Party in Edo State, Dr Asue Ighodalo, voting at Okaigben Ward 1, Unit 3, Idinrio Primary School, Okaigben, Ewohimi, Esan South East Local Government Area…yesterday
Labour Party’s governorship candidate in Edo State, Mr. Olumide Akpata, casting his vote at Oredo Ward, Polling Unit 11, Oredo Local Government Area, Benin-City…yesterday