The Nigeria Deposit Insurance Corporation has said that it is committed to formulation of sound policies to enhance the safety and stability of the nation’s financial
system.
Speaking at the opening ceremony of the maiden retreat for members of the NDIC Board in Abuja, the Chairman, Mrs. Ronke Shokefun, said as a critical member of the Nigerian financial safety net, the new Board was committed to providing the NDIC with the desired leadership required to enable the nation achieve its goal of becoming one of the top 20 economies in the world by Year
2020.
According to her, as people of proven integrity, members of the board will collectively paddle the boat of NDIC, in particular, and that of the nation’s banking sector, in general, to safety.
We owe this very important organisation and the nation that duty in order to justify the confidence reposed in us by His Excellency, President Muhammadu Buhari,” she said.
The chairman described the role of the Board as critical in the achievement of the Corporation’s mandate, adding that the retreat would enable members gain full insight into the Corporation’s mandate, its operations, achievements and challenges.
She concluded that the induction program would provide the Board with the in-depth knowledge required for the formulation of policies to ensure enhanced service delivery by the Corporation.
Earlier before the commencement of the retreat, the Managing Director/Chief Executive Officer, NDIC, Mr. Umaru Ibrahim, expressed the hope that the retreat would provide the new Board with the critical information and insight on the activities of the Corporation, ahead of their assumption of office.