NDIC academy to lead Africa in deposit insurance

By David Agba Abuja

Th e 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. Th is was contained in a statement signed by the Head, Corporate Communication Unit, Hadi Birchi yesterday in Abuja. According to the statement the Managing Director/Chief Executive of NDIC, 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.

Alh. Ibrahim said with the NDIC Academy’s new status, it is positioned to fulfi ll the Corporation’s goal of serving as a center 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.

Th e boss emphasized 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. Th e ultimate goal, he said, would be to enhance depositor protection and public confi dence in the banking system. Earlier in his address, the President and Chairman, Council of CIBN, Prof. Segun Ajibola commended the Corporation for its consistent eff orts toward meeting high standards for the benefi t of the banking industry and larger economy.

Prof. Ajibola described the 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. He said that there would be periodic monitoring to ensure that standards were maintained

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