June 27, 2019
News

NDIC Seeks Support of Stakeholders

The Nigeria Deposit Insurance Corporation, NDIC, has solicited the support of government and relevant stakeholders for the corporation to succeed in its constitutional responsibility.

The Chairman, Board of Directors, NDIC, Mrs. Ronke Sokefun who made the appeal when she led other board members on a visit to the Ogun State Governor, Senator Ibikunle Amosun at his Office in Oke-Mosan, Abeokuta.

Mrs. Sokefun also appealed for the quick passage of the bill before the National Assembly to further enhance the effort of the corporation in meeting its responsibilities to the country.

The NDIC Chairman described the corporation as a key player in the Nigerian Financial Safety-net vested with the mandate of Bank Deposit Guarantee, Supervision, Distress resolution and Liquidation of failed financial institutions.

Mrs. Sokefun said the corporation over the years had achieved remarkable success in carrying out its mandate through effective supervision of the insured financial institutions, attributing the achievements to the collaborative efforts with other safety nets in the financial system.

The Managing Director of the Corporation, Mr. Usman Ibrahim explained that the board was working hard to reposition banking system in Nigeria in a bid to make it safe, strong and resilient.

In a remark, the Ogun State Governor, Senator Ibikunle Amosun underscores the importance of the Corporation to the development of banking and in particular the socio-economic development of the nation.

Segun Folarin

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