Banking Sector Stability: NDIC Tasks Media On Responsible Reportage

The Nigeria Deposit Insurance Corporation (NDIC) has restated the need for the media to maintain accurate and factual coverage of the banking industry especially with regards to threats on depositors’ funds, the perceived impact and the activities of financial system supervisors like the NDIC.

Managing Director/Chief Executive of NDIC, Bello Hassan, made the call in Abuja while receiving a delegation of the executive members of the Nigerian Guild of Editors (NGE) led by the Guild’s President, Mustapha Isah while on a courtesy visit to the Corporation.

Hassan commended the media for their collaboration in enhancing public awareness on the activities of the Corporation and expressed concern over cases of inaccuracies and misinformation observed in some media reports by less professional media practitioners that needed to be addressed.

Managing Director/Chief Executive of NDIC, Bello Hassan and President of the Nigerian Guild of Editors (NGE),Mustapha Isah

He reminded members of the Guild that it was in recognition of the media’s critical role in promoting public awareness that  the Corporation commenced implementation of initiatives for sustained interactions with media practitioners in settings such as the annual “NDIC Editors’ Forum” for Publishers and Media Executives and “The Finance Correspondents Association of Nigeria (FICAN) Workshop” for Business Editors and Finance Correspondents.

The NDIC boss explained that these initiatives are aimed at capacity building and providing updates on the current activities of the Corporation to deepen the knowledge of journalists on issues in the financial sector. He further stressed the need for closer collaboration with the media to enhance the quality of the reportage to promote factual and accurate information.

He, therefore, assured the NGE’s President that the Corporation would support and strengthen existing relationship with the Guild to achieve mutually beneficial objectives of enhancing public awareness and addressing challenges in the system.

For his part, the NGE President, Mustapha Isah, said the Guild would continue to partner the NDIC for progress while commending the Corporation for its achievements so far.

“Depositors now have increased confidence in the safety of their savings in banks owing to the Corporation’s continuous diligence in its successful implementation of the Deposit Insurance System in Nigeria.” Isah noted.

He solicited the Corporation’s support for the Guild’s upcoming conference in September, while pledging NGE’s commitment towards greater partnership and collaboration with the NDIC to achieve its public awareness goals.

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