Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has cleared the air over reported financial distress in some banks.
A statement by the NDIC said its attention was drawn to text messages and news aimed at de-marketing banks and destabilise depositors’ confidence in the banking system.
NDIC spokesman, Hadi Birchi, said the NDIC had over the years played critical role in ensuring that Nigerian banks were safe and sound through effective supervision and assistance to deserving financial institutions.
He quoted Ibrahim as saying the NDIC had continued to closely monitor the challenges facing the industry in order to further safeguard depositors’ interest in the banking system.
He said with NDIC’s strict supervision and regulation of the banking industry in collaboration with CBN, depositors should have full confidence in the safety and security of their funds in licensed banks.
Ibrahim disclosed that the NDIC in collaboration with other parties were proposing the establishment of a Centre for Financial and Economics Studies at the National Institute for Policy and Strategic Studies (NIPPS), Kuru.
According to the NDIC boss, the centre would train participants in essential areas of financial and economic management.
Comments