Six additional tertiary institutions are to introduce Deposit insurance system (DIS) into their curricula as part of the on-going efforts toward enhancing public awareness on mandate and operational activities of the Nigeria Deposit Insurance Corporation NDIC.
The DIS has not been popular among NIgerians and this efforts by the corporation will improve awareness and deepen knowledge about the scheme that has save many bank depositors for losing their entire savings in distressed and liquidated banks.
The DIS course has already commenced at the Ahmadu Bello University (ABU) Zaria and it will now be joined by additional six other first generation Nigerian universities.
They are University of Lagos; University of Nigeria Nsukka (UNN); Obafemi Awolowo University (OAU); Bayero University Kano (BUK); University of Ibadan (UI), Ibadan; and University of Benin will start running the courses as from next academic session.
The DIS programme commenced with two courses: “Fundamentals of Deposit Insurance Scheme” and “The Practice of Deposit Insurance” which were designed for students ofBusiness Administration, Economics, Banking & Finance, and Accounting.
Fundamentals of Deposit Insurance“ was specifically designed for 300 level students while “The Practice of Deposit Insurance” was for 400 level students.
The introduction of the programme is intended to enhance the knowledge of both under-graduate and post-graduate students of universities and students of the Chartered Institute of Bankers of Nigeria (CIBN). This will go a long way to enhance the quality of potential staff of banks as well as promote financial literacy and financial inclusion.
NIgerians first experience distressed bank during the Late Mohammed Abacha administration leading to the set up of Failed banks tribunal.