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NDIC To Lead Africa In Deposit Insurance




The Nigeria Deposit Insurance Corporation (NDIC) is set to lead the African region in enhancing capacity building and bridging skills gaps in the banking industry in general and the Deposit Insurance Scheme (DIS) in particular.

Managing director/chief executive, NDIC, Alh. Umaru Ibrahim, made this remark during the accreditation ceremony of the NDIC Academy as a training service provider for its staff and the banking industry by the Chartered Institute of Bankers of Nigeria (CIBN) at the Bankers House, Victoria Island, Lagos.

Ibrahim said, with the NDIC Academy’s new status, it is positioned to fulfill the Corporation’s goal of serving as a centre of academic excellence for capacity building on the Deposit Insurance Scheme (DIS) for countries in the Sub-Saharan Africa. He added that the corporation prides itself on establishing high standards of professionalism and competency among its staff through its Academy and other human capital development initiatives, including the Chartered Banker/MBA programme of University of Bangor, Scotland in partnership with the CIBN.

The NDIC boss emphasised the importance of continuous high level training in order to achieve its core mandate of deposit guarantee, bank supervision, bank distress resolution and bank liquidation. The ultimate goal, he said, would be to enhance depositor protection and public confidence in the banking system.

In his earlier address, the president and chairman, Council of CIBN, Prof. Segun Ajibola, commended the corporation for its consistent efforts toward meeting high standards for the benefit of the banking industry and larger economy.

Prof. Ajibola described NDIC’s readiness to subject itself to the rigors of the accreditation process as a testimony of its management’s commitment towards capacity development in order to equip its workforce with critical skills to enhance their performance and productivity.