NDIC academy set to dominate Africa’s deposit insurance scene

The Nigeria Deposit Insurance Corporation (NDIC), is set to lead the African Sub-Region, to enhance capacity building and bridge skills gaps in the banking industry and the Deposit Insurance Scheme (DIS).

Alhaji Umaru Ibrahim, NDIC’s Managing Director said this at the accreditation of the NDIC Academy as a training service provider for its staff and the banking industry in Lagos.

The accreditation was done by the Council of the Chartered Institute of Bankers of Nigeria (CIBN) at the Bankers House in Victoria Island.

Ibrahim said the academy would serve as a centre of academic excellence for capacity building on the DIS for countries in the Sub-Saharan Africa.

According to Ibrahim, the Corporation prides itself on establishing high standards of professionalism and competency among its staff.

This, he said NDIC planned to achieve through the NDIC Academy and other human capital development initiatives, including the Chartered Banker/MBA program of University of Bangor, Scotland in partnership with the CIBN.

Ibrahim emphasised the importance of continuous high level training in order to achieve the Corporation’s core mandates of deposit guarantee, bank supervision, distress resolution and liquidation. The ultimate goal will be to enhance depositor protection and public confidence in the banking system, he said.

Earlier, the President/Chairman, Council of CIBN, Prof. Segun Ajibola commended NDIC’s consistent efforts toward meeting high standards for the benefit of the banking industry and larger economy.

Ajibola described the NDIC’s readiness to subject itself to the rigours of the accreditation process as a testimony of its Management’s commitment.

It shows NDIC’s commitment towards capacity development in order to equip its workforce with critical skills to enhance their performance and productivity.There will be periodic monitoring to ensure that standards were maintained and the accreditation will last for three years after which the Corporation will require recertification,” he said.

Source: Voice of Nigeria