The Nigeria Deposit Insurance Corporation (NDIC) in collaboration with the Office of Technical Assistance (OTA) of the United States Treasury recently conducted a six-week training programme on risk-based supervision as part of the Corporation’s capacity building initiative.
Alhaji Umaru Ibrahim, Managing Director/Chief Executive of NDIC, said the need for the adoption of RBS framework in the supervision of banks in the country was based on the fact that both the system and the institutions were getting more complex in terms of size, nature of products and volume of transactions. He added that if these complexities were not properly identified, measured, monitored and controlled, they could inflict damages on the institutions and the system at large.