The Nigeria Deposit Insurance Corporation (NDIC) said it will collaborate and partner with the ministry of finance as part of its resolve to strengthen relationship with key stakeholders in the financial sector.
The managing director and chief executive officer of the corporation, Mr Bello Hassan stated this when he and his management team paid a courtesy visit to the minister of state, finance, Dr. Doris Uzoka-Anite, at the federal ministry of finance, Abuja.
Accompanied by the NDIC executive director, operations, Mr Mustapha Ibrahim, and the Executive Director, Corporate Services, Mrs. Emily Osuji, the team provided updates on the corporation’s activities and initiatives to promote financial stability and protect depositors’ funds.
The corporation said in a statement that the visit “underscores the importance of collaboration and cooperation between the NDIC and the ministry of finance in achieving their respective mandates.”
“As the primary deposit insurer in Nigeria, the NDIC plays a critical role in maintaining financial stability and promoting confidence in the banking system.
“The visit to the minister of state for finance is a testament to its commitment to collaboration and partnership with key stakeholders in the financial sector.
“By working together, the NDIC and the Ministry of Finance can ensure the stability of the financial system and protect the interests of depositors.
“By working together with the ministry of finance and other stakeholders, the NDIC can continue to promote financial stability and protect the interests of depositors in Nigeria,” the statement said.
The corporation said it had in recent times, been involved in various initiatives aimed at promoting financial inclusion, reducing non-performing loans, and enhancing the overall stability of the financial system.
