NDIC hosts Africa’s deposit insurers regional annual meetings

The Nigeria Deposit Insurance Corporation (NDIC) will host the next edition of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) annual general meeting and technical assistance workshop billed for September 25 to 27, 2018 in Lagos.

The central theme for the workshop is on financial stability and system-wide crisis preparedness.

The NDIC in a statement said participants and resource persons from all across the African continent and beyond have confirmed their participation in the workshop, adding that it expects the event to provide a forum for information and experience sharing among deposit insurance practitioners from multiple jurisdictions to evolve strategies for addressing the potential risks of financial crisis in the global financial system.

David Walker, the secretary-general of IADI, is expected to be in attendance, alongside the executive committee members of the IADI African Regional Committee and representatives of West African Monetary Union Deposit Insurance Fund.

Nigeria’s finance minister would declare the workshop open.

“Apart from providing an effective platform for collaboration in the areas of experience sharing, IADI also enhances the capacity of member agencies through educational programmes, targeted research and guidance on matters relating to Deposit Insurance System among its members,” the NDIC statement read.

The NDIC is a founding member of IADI and Umaru Ibrahim, its managing director has been elected twice into the IADI executive council in 2013 and 2016.