Regulatory Alerts2019-08-29
30 Years Of Deposit Insurance in Nigeria
The "Thirty Years of Deposit Insurance System in Nigeria" publication celebrates the 30th anniversary of the Nigeria Deposit Insurance Corporation (NDIC) and its impact on the Nigerian financial system since 1989. The book details the evolution of deposit insurance practices, including extending coverage to non-interest banks and mobile money operators, as well as adapting risk-based and consolidated bank supervision. It emphasizes the NDIC's role in protecting depositors, contributing to financial system stability, and guiding Nigeria's bank supervisory framework to global standards. It offers insights into the NDIC's mandates, governance, legal framework, deposit insurance coverage, funding, and international collaborations. The book also aims to enhance public awareness and build trust among depositors, banks, government bodies, and other stakeholders. This work serves as a valuable reference for depositors, creditors, bankers, academics, and practitioners, addressing a gap in deposit insurance literature in Nigeria.