CIBN renews NDIC Academy accreditation

The Chartered Institute of Bankers of Nigeria (CIBN) has renewed the accreditation of the Nigeria Deposit Insurance Corporation (NDIC) academy and its status for training service providers for various professionals in the banking industry for three years.

This was disclosed in a statement issued by NDIC, seen by Nairametrics and signed by Sunday Oluyemi, the Director of Communication and Public Affairs.

On the international sphere, it has also trained 19 employees from other deposit insurance agencies in Africa. In recognition of its stellar performance, the NDIC academy was earmarked to host the African Centre for Studies on Deposit Insurance System (ACSDIS) recently established by the African Regional Committee (ARC) of the International Association of Deposit Insurance (IADI).

Mr. Ibrahim further remarked that the recertification is a big boost to achieving NDIC’s ultimate goal of enhancing customers deposit guarantee and public confidence in the Nation’s banking system through a center of excellence that prioritize capacity building and continuous high-level training.

He added that the recertification would further help the academy assert itself as a leading human capacity building institution in Africa, drawing from its rich course content and structure.

The Nigeria Deposit Insurance Corporation (NDIC) was established on 15th of June 1988 to strengthen the safety net for the newly liberalized banking sector, following the recommendation of former Central Bank of Nigeria governor Ola Vincent. The NDIC provides a safety net for depositors in the newly liberalized banking sector.