NDIC, CIBN Commit To Addressing Emerging Issues In Financial Sector

The Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday (Right) hosted the President/Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Pius Deji Olanrewaju.

The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) have pledged to collaborate towards tackling and resolving emerging issues in the financial sector.

The two agencies made the pledge as the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, hosted the President/Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Pius Deji Olanrewaju, and members of his executive team in a courtesy visit to the Head Office of the Corporation in Abuja.

Group photograph

Discussion during the visit focused on consolidating the collaboration between the two bodies toward strengthening the safety and stability of the banking system.

In particular, the NDIC and CIBN committed to working together, more closely, to address emerging risks and challenges in critical areas of the banking sector, such as digital banking, cyber- security, fraud and forgery prevention, and sound risk management, according to a post on the NDIC  social media X (formerly Twitter) platform.

The CIBN commended the NDIC for its notable milestone initiatives in protecting depositors and promoting the stability of the banking system.