Tuesday, September 23, 2025
26 C
Lagos

NDIC to Host African Deposit Insurance Leaders to Strengthen Operational Resilience

The Nigeria Deposit Insurance Corporation (NDIC) is scheduled to host a regional workshop in Abuja, Nigeria bringing together leaders of African Deposit Insurance Agencies to share knowledge and expertise to strengthen the implementation of deposit insurance systems on the African Continent.

The event which is scheduled to take place between the 4th and 7th of October 2022, is a Technical Assistance Workshop (TAW) under the auspices of the African Regional Committee (ARC) of the International Association of Deposit Insurers (IADI).

The weeklong workshop with the theme “Normality in Turbulent Periods: The Stabilising Role of Deposit Insurance”, will explore issues such as the role of deposit insurance in early detection and timely intervention in resolving bank failures as well as crisis management and strengthening operational resilience of deposit insurance agencies.

Deposit Insurance organisations from more than 15 African countries including Angola, Botswana, Burundi, Ghana, Kenya, Senegal, Somaliland, Sudan, Tanzania, Uganda and Zimbabwe are expected to attend. Representatives of Deposit Insurance Agencies from Chinese Taipei, Kenya, Indonesia, United States of America as well as the Financial Stability Institute (FSI) and the IADI Secretariat both in Basel, Switzerland are expected to form part of the resource persons and panellists at the Workshop.

The workshop is taking place against the backdrop of the 20th Anniversary of IADI which was established in May 2002 with a mission to share deposit insurance expertise with the world. As a deposit insurer and member of the financial safety net in Nigeria, the NDIC is a founding member of IADI, pioneer member of its executive council and founding Chairperson of the Africa Regional Committee (ARC).

The NDIC joined IADI as a founding member in 2002 and was a pioneer member of the IADI Executive Council and Chairperson of the IADI-Africa Regional Committee (ARC) respectively.

In addition, the NDIC had also served on various IADI Council and Technical Committees such as Audit and Risk Council Committee (ARCC), Core Principles and Research Council Committee (CPRC), the IADI Strategic Planning Working Group (SPWG), the Islamic Deposit Insurance Technical Committee (IDITC) and the Training & Technical Assistance Council Committee (TTAC), to mention but a few.

The hosting of the IADI – ARC Technical Assistance Workshop by the NDIC is a recognition of the Corporation’s international standing and significant achievements and expertise in the implementation of the Deposit Insurance System in Africa.

spot_img
spot_img

Hot this week

NCDMB ES: African Nations Must Collaborate to Develop Oil Sector

Close partnership and collaboration among African oil and gas...

NCDMB Boss Commends West African Ventures, Seeks Investment in Deepwater Operations

The Executive Secretary of the Nigerian Content Development and...

Ecobank Design & Build Expo: Global & Local Giants to Showcase Cutting-Edge Products in Lagos

Leading global and local brands in the building, design,...

Fidelity FNITCC Confab: Atlanta Mayor Highlights Economic Ties with Africa

L – R: Managing Director/Chief Executive Officer, Fidelity Bank...

HRM Igwe Maduagwuna of Awba-Ofemili Commends The Village Priest Author, Remmy Nweke

His Royal Majesty, Igwe Ezekwesili Maduagwuna, Ofemili I of...

Topics

African Insurance Market Reports $69bn Premium, Low Penetration

The African Insurance Organisation (AIO) has launched its first...

Partnerships Beyond The Partners…Another Lesson From Interswitch

  Partnerships have become an important business strategy for businesses...

NAICOM Board Visits Secretary to Government of the Federation

The Governing Board of the National Insurance Commission (NAICOM)...

Vodacom Nigeria Scoops 3 Accolades at Beacon of ICT Awards

L-R; Solomon Ogufere, Commercial Director, Vodacom Business Nigeria; Ernest...

Universal Insurance: N4.1bn Income, N796m Profit, N348m Claims in H1 2022

Universal Insurance Plc, Nigeria’s foremost insurance company, has achieved...

Nigeria: Real Estate Sector Declines 5.27% in 2ndQtr 2016

A report ‘Understanding Nigeria’s Housing Finance Market’ by the...

How MTN’s Financial Woes Highlight the Challenges of Doing Business in Nigeria 

  By Elvis Eromosele  Doing business in Nigeria is tough. While...
spot_img

Related Articles

Popular Categories

spot_imgspot_img