NDIC proposes African centre for deposit insurance
Nigeria Deposit Insurance Corporation (NDIC) is proposing the establishment of the African Centre for Deposit Insurance (ACDI) to be domiciled in the NDIC Academy, Abuja.
The proposal has been hailed by the International Association of Deposit Insurers (IADI).
When fully operational, the Centre will provide training and enhance the capacity for the staff of member countries on the continent.
In a statement by NDIC Director of Communications and Public Affairs, Bashir A. Nuhu, the commendation was given during the Annual General Meeting of the IADI Africa Regional Committee (ARC) on Tuesday, chaired by the ARC Chairperson and NDIC MD/CE Umaru Ibrahim.
The meeting which was held online had representatives of Nine (9) member countries of ARC (Angola, Ghana, Kenya, Morocco, Nigeria, Rwanda, Tunisia, Uganda and Zimbabwe) as well as the IADI Secretary General, Mr. David Walker and Mr. Keehyun Park of the IADI Secretariat Basel, Switzerland.
While praising the NDIC for its efforts to spearhead the establishment of the Centre, members agreed that due to the current Covid-19 pandemic restrictions, the Centre should commence with online programmes in 2021.
Members also commended the proposed ARC Publication which is designed to document the experiences and challenges of Deposit Insurance System (DIS) in Africa.
They also agreed to set up of a Committee made up of Nigeria, Zimbabwe, Kenya and Morocco to coordinate the collation of information from member countries to be used in the compilation of the publication.