The Nigeria Deposit Insurance Corporation (NDIC) is assisting the Uganda Deposit Protection Fund (DPFU) to develop capacity to implement the Deposit Insurance System (DIS) in the East African country. The Corporation recently hosted a five-member delegation from DPFU who arrived the country to understudy the activities of the Corporation. The NDIC has been the destination of choice for several sister agencies and Central Banks from across the African continent eager to understudy the activities of the Corporation and learn from its rich experience in Deposit Insurance – a subject on which it is recognized as a leader in Africa.

Nigeria Deposit Insurance Corporation (NDIC) MD/CE, Umaru Ibrahim (front row, 4th left) in a handshake with Deposit Protection Fund of Uganda (DPFU), Head, Communications, Hashim Kirungi (front row, 1st right) during the five day study visit of DPFU staff to the Corporation to understudy the Deposit Insurance System (DIS). Also pictured are NDIC Executive Director Operations, Prince Aghatise Erediauwa (front row, 2nd left) and NDIC Executive Director Corporate Services, Hon. Mrs. Omolola Abiola-Edewor (front row, 3rd left as well as NDIC Director, Insurance and Surveillance Department, Mohammed Y. Umar (back row, 3rd left) and DPFU Assistant Board Secretary, Felix Nsiimoomwe (back row, 4th left).

The Ugandan team was only the latest delegation from several Africa countries to visit the Corporation for capacity building. The NDIC previously hosted delegations from the Reserve Bank of Malawi, Reserve Bank of Lesotho, Deposit Protection Fund Board of Kenya, Deposit Insurance Board of Tanzania, Commission Bancaire del’Afrique Centrale (COBAC) of Cameroun, Delegates from Banque Centrale Des Etats De L’ Afrique De L’ Ouest (BCEAO) in Senegal all of whom the NDIC assisted build the capacity for the implementation of the Deposit Insurance System (DIS) in their various jurisdictions.

Others include teams from the Central Bank of The Gambia, Bank of Tanzania, the Deposit Protection Corporation of Zimbabwe, and the Ghana Deposit Protection Corporation (GDPC). In September, 2018, the NDIC will also host the African Regional Conference of the International Association of Deposit Insurers (IADI).

Tuesday July 3, 2018