Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have pledged their total commitment to the formulation of sound policies that will enhance the safety and stability of the nation’s financial system.

Chairman of the Board, Mrs Ronke Shekefun who stated this at the maiden retreat for members in Abuja said they made the commitment as a way of justifying the confidence reposed in them through their appointments.

Mrs Shekefun pointed out that as a critical member of the Nigeria financial safety net, the new Board is committed to providing the NDIC with the desired leadership required to enable the nation achieve its goal of becoming one of the top twenty world economies by Year 2020.

In her words: “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”.

According to a statement by the NDIC Head of Communication & Public Affairs, Mohammed Kudu Ibrahim, on Tuesday, the Chairman 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 Corporation’s mandate, its operations, achievements and challenges.

She added that the induction program will provide the Board with the in-depth Knowledge required for the formulation of policies to ensure enhanced service delivery by the Corporation.

Earlier, the NDIC Managing Director, Umaru Ibrahim, had expressed the hope that the retreat would provide the new Board with the critical information and insight on the activities of the Corporation ahead of their assumption of office.

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