From Uche Usim, Abuja

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The Nigerian Deposit Insurance Corporation (NDIC), is warming up to become 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, Alhaji Umaru Ibrahim, made the remark during the accreditation 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.
He said with the academy’s new status, it was 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 emphasised the importance of continuous high level training 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’s protection and public confidence in the banking system.
President and chairman, 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.