NDIC board to focus on financial system stability

The safety and stability of Nigeria‘s financial system will remain the main focus of members of the newly inaugurated board of the Nigeria Deposit Insurance Corporation (NDIC) as they pledged to formulate policies that would enable them achieve these goals.

Ronke Shokefun, chairman of the board made the pledge at the opening ceremony of the maiden retreat for members of the Board in Abuja, said Mohammed Ibrahim, NDIC ‘s  head, Communications and Public Affairs, in a statement.

She said:” We are committed to providing 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.

 “As people of proven integrity, we are to 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 President Muhammadu Buhari.”

The Chairman described the role of the Board as critical in the achievement of the Corporation’s mandate.

She said the retreat would enable members gain full insight into the Corporation’s mandate, its operations, achievements and challenges.

 She further said the induction programme would also provide the Board with the in-depth Knowledge required for the formulation of policies to ensure enhanced service delivery by the Corporation.