By Ifeanyi Onuba   Monday, 6 Sep 2010

 

The Nigeria Deposit Insurance Corporation has unveiled a new set of examiners for the banking sector.

The move is part of measures aimed at protecting depositors, ensuring stability of the banking sector, ensuring effective and efficient payment system as well as promoting competition and innovation in that sector of the financial system.

Speaking in Abuja at the induction ceremony of the examiners, the corporation’s Board Chairman, Dr Hassan Adamu, commended the examiners for succeeding in the recruitment process.

He said that out of over 10,000 applications received by the corporation, only 127, representing about one per cent, made it through the rigorous exercise.

This is the first time the corporation will be unveiling a huge number of examiners for the banking sector since 1994 where about 300 examiners were inducted.

In order to ensure that they perform their duties without compromise, Adamu said that the corporation under his leadership had benchmarked their package with that of the banking sector.

According to him, “More than 10,000 Nigerians competed with you for employment and you had to go through a rigorous employment process involving two screening tests and an oral interview. Those of you here represent just about one per cent of those who participated in the process.

“You are lucky because you will soon realise the remuneration package of the corporation is among the best because the board under my leadership had recently benchmarked the package with the banking sector. This was done by the board to ensure that our good employees are retained and motivated to put in their best.

“The corporation will also pay attention to capacity building through training and e-training to ensure it maintains, on sustainable basis, competent, efficient and effective workforce at all times.”

Source: The Punch