NDIC academy to lead Africa in deposit insurance

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

NDIC’s Managing Director/Chief Executive, Alhaji 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 Council of the Chartered Institute of Bankers of Nigeria (CIBN) at the Bankers House, Victoria Island, Lagos.

According to a statement from the Corporation’s Head of Public Affairs, Hadi Birchi, Alhaji Ibrahim said with the NDIC Academy’s new status, it is positioned to fulfil 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 the Corporation’s NDIC Academy and other human capital development initiatives, including the Chartered Banker/MBA program of University of Bangor, Scotland in partnership with the CIBN.

The NDIC CEO emphasised the importance of continuous high level training in order to achieve the Corporation’s core mandates 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, Professor Segun Ajibola commended the corporation for its consistent efforts toward meeting high standards for the benefit of the banking industry and larger economy.