Economic Development: NDIC Seeks Collaboration With The Alumni Association Of National Institute

MD/CEO NDIC, Umaru Ibrahim.


By Barnabas Esiet.

The Managing Director and Chief Executive officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, is looking to work closely with the Alumni Association of the National Institute (AANI) for rapid economic development of the country.

The NDIC Boss made indicated this while receiving the Alumni Association of the Institute which paid him a courtesy visit at the Head Office of the Corporation in Abuja.

L-R; ED Ops NDIC, Prince Aghatise Erediauwa; MD/CE, NDIC, Umaru Ibrahim; President Alumni Association of the Institute, M.D. Abubakar; VP Alumni Association, Haj. Aisha Dakani.

Ibrahim said the Corporation was established in 1989 to promote public confidence in the banking industry; contribute to the stability of the financial system, as well as ensure an orderly resolution of failed financial institutions.

He urged the Association to collaborate with the NDIC to accelerate the pace of financial literacy and financial inclusion among the Nigerian public noting that about 40% of Nigerians are currently operating outside the formal financial system.

L-R; MD/CE NDIC, Umaru Ibrahim mni being decorated by President Alumni Association, M. D. Abubakar mni.

The NDIC boss said the Corporation alongside  the Central Bank (CBN), will continue to support the introduction of affordable products and services to the general public as well as- vulnerable women and dwellers in rural communities.

He called on Nigerians, especially retired senior public servants and retired bankers to acquire Agency Banking and MFB licences in order to make modest contributions to the growth and promotion of these services in their respective communities.


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