MD/CEO NDIC, Bello Hassan
The Nigeria Deposit Insurance Corporation (NDIC) has asked the Institute of Chartered Accountants of Nigeria (ICAN) to incorporate deposit insurance system (DIS) courses in the Institute’s programs and modules to deepen the understanding of the scheme within the banking public.
Managing Director/Chief Executive of NDIC, Bello Hassan, made the call during a courtesy call by the council members of ICAN, led by the President of the Institute, Comfort Eyitayo.
The NDIC boss said the inclusion of deposit insurance courses in ICAN syllabus would help to bridge the knowledge gap and address misconceptions about the benefits and limitations of the DIS, particularly its contributions to financial system stability.
He 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.
“Partnership with ICAN and other stakeholders to promote public awareness of the DIS has become necessary in view of the novel nature of the scheme in Nigeria and world at large, the Corporation would continue to place premium on collaboration with its strategic stakeholders in the overall discharge of its mandate.” Hassan said
For her part, the President of the institute, Eyitayo, acknowledged the invaluable contributions of the NDIC in stabilizing the financial system in Nigeria and underscored the need to sustain depositors’ trust and confidence by continuous reassurance of the safety of their deposits at any given time.
She reaffirmed the commitment of the Institute towards continued partnership with the Corporation to achieve greater awareness of the deposit insurance system amongst members of the Institute.