The Nigeria Deposit Insurance Corporation (NDIC) Academy has been recertified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years effective June, 2020 by the Council of the Chartered Institute of Bankers of Nigeria (CIBN).
The Corporation made this known in a statement signed by the Director, Communication & Public Affairs, Sunday Oluyemi, in Abuja.
The recertification, according to the head of the five-man CIBN Accreditation Team, Saubana Ogunpola, followed the exemplary performance of the NDIC Academy since it initial accreditation in 2016 and the satisfaction of the stringent conditions for the recertification. He pointed out that there would be periodic monitoring to ensure that quality standards are being adhered to.
Ogunpola commended the NDIC for its consistent efforts toward meeting high standards for the benefit of the banking industry and the larger economy. He described the NDIC’s readiness to subject itself to the rigors of the Institute’s accreditation process as a testimony of its Management’s commitment to capacity development for all stakeholders.
Reacting to the development, NDIC’s Managing Director/Chief Executive, Umaru Ibrahim described the recertification as another milestone in the NDIC efforts to consolidate the position of the Academy as a center of academic excellence in the nation’s banking industry and on deposit insurance in Africa.
Ibrahim disclosed that the Academy had so far trained a total of 13,368 participants cut across the NDIC’s workforce. It had also trained 135 participants from relevant stakeholders, including the EFCC, Security and Exchange Commission (SEC), Assets Management Company of Nigeria (AMCON), National Pension Commission (PENCOM) and the Nigeria Financial Intelligence Unit (NFIU). On the international front, 19 employees from sister deposit insurance agencies in Africa had benefitted from the expertise of the Academy. He stated that the NDIC Academy has been designated to host the African Centre for Studies on Deposit Insurance System (ACSDIS) recently established by the Africa Regional Committee (ARC) of the International Association of Deposit Insurance (IADI).
The NDIC boss maintained that with the recertification, the NDIC Academy is positioned to fulfill the NDIC’s goal of serving as a center of excellence for capacity building on Deposit Insurance Scheme (DIS) for countries in Sub-Saharan Africa.
He added that the NDIC prides itself on establishing the highest standards of professionalism and competency among its staff through the NDIC Academy and other human capital development initiatives, including the Chartered Banker/MBA program at Bangor University, Wales in partnership with the CIBN.
The NDIC boss emphasized that the Corporation places high premium on capacity building and continuous high level training of its staff to achieve the NDIC mandate of deposit guarantee, bank supervision, bank distress resolution and liquidation. The ultimate goal, he said, would be to enhance depositor protection and public confidence in the nation’s banking system.
It will be recalled that Energy Frontier reported a few months ago that NDIC has taken the lead in capacity building with regards to empowering Finance Correspondents and Civil Society groups.
The huge numbers of the professionals trained above by the Corporation gave credence to the story.