Nigeria Deposit Insurance Corporation (NDIC) embarks on collaboration, cooperation with other deposit insurance agencies globally to address challenges facing insurance industry.
Written by News Room on May 7, 2022
The Nigeria Deposit Insurance Corporation (NDIC) said it had embarked on collaboration and cooperation with other deposit insurance agencies globally to address the challenges facing the insurance industry.
The NDIC Managing Director/Chief Executive, Bello Hassan, said this at a retreat organised by the Corporation for members of the House of Representatives Committee on Insurance and Actuarial Matters in Lagos.
According to reports, the aim of the workshop, with theme, “Deposit Insurance in Nigeria: Restrategising for Tomorrow,” was to help lawmakers know the corporation’s problems towards amending the NDIC Act.
Hassan, said the Corporation has enhanced collaboration with relevant stakeholders like the National Assembly, Federal Ministry of Finance, Budget & National Planning, the Judiciary and the CBN on almost all relevant activities.
The Chairman, House of Representatives Committee on Insurance and Actuarial Matters, Darlington Nwokocha, said, the aim of the retreat is to make laws to help NDIC boost the confidence of the people that their monies are safe.