The Nigeria Deposit Insurance Corporation (NDIC) and the Nigerian Institution of Estate Surveyors & Valuers (NIESV) have strengthened their partnership on the valuation of assets of failed banks.
The MD/CE of the NDIC, Thompson Oludare Sunday, called on NIESV to maintain its professionalism and integrity in valuing assets of failed banks, which is critical for effective liquidation and payment of depositors.
The NDIC Chief Executive emphasised that accurate and credible valuation reports are essential for determining the true worth of assets and ensuring transparency, fairness, and value-for-money in the disposal of assets and recovery process.
He also highlighted the importance of stronger collaboration between both institutions and welcomed opportunities for joint training and knowledge exchange between NDIC staff and NIESV professionals.
The President/Chairman of Council of NIESV, Dr. ESV. Victor Adekunle Alonge, reaffirmed the Institution’s commitment to professionalism and integrity.
He explained that NIESV maintains strict disciplinary procedures to sanction any member found to be unethical or unprofessional and expressed the Institution’s commitment to sustained cooperation and technical support to the NDIC.
The partnership between NDIC and NIESV is vital to enhancing service delivery and strengthening public confidence in the banking system.
Both institutions are committed to deepening collaboration, enhancing professional standards, and strengthening the bank liquidation process in Nigeria for the overall stability of the financial system.
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