AfricaBusiness & FinanceNigeria

NDIC Academy recertifies as training provider for banking industry

By Oluwaseun Sonde

The Council of the Chartered Institute of Bankers of Nigeria (CIBN) has re-certified Nigeria Deposit Insurance Corporation (NDIC) Academy and accreditation renewed as a training service provider for various professionals in the banking industry for the next three years. In a statement released by the Director, Communication and Public Affairs of NDIC, Mr Sunday Oluyemi in Abuja on Sunday, as the accreditation followed the exemplary performance of the academy since its initial accreditation in 2016.

According to the statement, The Head of the five-man CIBN accreditation team, Mr. Saubana Ogunpola commended the corporation 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 of all stakeholders, while noted that there would be periodic monitoring to ensure that standards were being adhered to.

In his response to the development, NDIC’s Managing Director/Chief Executive Officer, Mr. Umaru Ibrahim, disclosed that the academy had so far trained a total of 13,368 participants, which cut across the NDIC’s workforce, also trained 135 participants from relevant stakeholders. Ibrahim listed the beneficiaries to include the EFCC, Security and Exchange Commission (SEC), Assets Management Company of Nigeria (AMCON), National Pension Commission (PENCOM), and the Nigeria Financial Intelligence Unit (NFIU). He added that 19 employees from sister deposit insurance agencies across Africa had benefitted from the academy, also noted that the academy had been designated to host the African Centre for Studies on Deposit Insurance System (ACSDIS), established by the Africa Regional Committee.

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