The Nigeria Deposit Insurance Corporation (NDIC) MD/CE, Alh. Umaru Ibrahim (6th from left) receiving the certificate of accreditation for the NDIC Academy from the President/Chairman, CIBN Council, Prof Segun Ajibola (5th from left). The NDIC Academy was accredited as a Training Service Provider for the Banking and Finance industry by the Council of the Chartered Institute of Bankers of Nigeria (CIBN). On the MD’s right were NDIC Executive Director (Corporate Services), Hon. Mrs. Omolola Abiola-Edewor, Director, NDIC Academy, Dr Azubike Okoro and NDIC Executive Director (Operations), Prince Aghatise Erediauwa.

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.

The NDIC’s Managing Director/Chief Executive, 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 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 fulfill 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.

The NDIC CEO 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. 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 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, adding that the accreditation would last for three years after which the Corporation would require recertification.