Ronke Shokefun, chairman, board of Nigerian Deposit Insurance Corporation, is to evolve new measures to ensure sound financial system  

THE Nigeria Deposit Insurance Corporation, NDIC, has pledged to formulate policies that would enhance the safety and stability of the financial system. Ronke Shokefun, chairman, board of NDIC, said the board must justify the confidence reposed in it by President Muhammadu Buhari by evolving measures that would further strengthen the financial system.

During the opening of the maiden retreat for members of the Board, Shokefun noted that as a critical member of the Nigerian financial safety net, the new board is committed to providing the NDIC with the desired leadership required to enable the country achieve its goal of becoming one of the top 20 economies in the world by 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 His Excellency, President Muhammadu Buhari,” she said.

Shokefun further described the role of the board as critical in the achievement of the corporation’s mandate, adding that the retreat will enable members gain full insight into the NDIC mandate, operations, achievements and challenges.

In a statement issued by Mohammed Kudu Ibrahim, head, communication and public affairs, NDIC, the chairman said the induction programme would also provide in-depth knowledge required for the formulation of policies to ensure enhanced service delivery by the corporation.

Earlier, Umaru Ibrahim, managing director, NDIC, had expressed hope that the retreat would provide the board with the critical information and insight on the activities of the corporation ahead of their assumption of office.

– Feb. 15, 2019 @ 13:19 GMT |