NDIC Seeks Deposit Insurance Courses In ICAN Modules

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The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has sought the inclusion of the deposit insurance system (DIS) in the programmes of the Institute of Chartered Accountants of Nigeria (ICAN) to deepen the understanding of the scheme within the banking public.  

The NDIC Boss at a meeting with the Council Members of ICAN, led by the President of the Institute, Comfort Eyitayo said this would help to bridge the knowledge gap and address misconceptions on the benefits and limitations of the DIS, particularly its contributions to the financial system stability.

Hassan noted that public awareness was a critical factor towards ensuring the maximum impact and penetration of the benefits of the deposit insurance system on the general public and the financial system as a whole.

He said that partnership with ICAN and other stakeholders to promote public awareness of the DIS had become necessary in view of the novel nature of the scheme in Nigeria and the world at large, adding that the Corporation would continue to place a premium on collaboration with its strategic stakeholders in the overall discharge of its mandate.

The NDIC Boss thereafter congratulated Eyitayo on her assumption of office as the 57th ICAN President and urged her to ensure chartered accountants continue to uphold the ideals of accuracy and integrity as enshrined in the Institute’s motto. He assured the Institute of the Corporation’s continued support and collaboration.

Eyitayo while acknowledging the invaluable contributions of the NDIC in stabilising the Nigerian financial system, stressed the need to sustain depositors’ trust and confidence by continuous reassurance of the safety of their deposits at any given time.

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