By Ifeanyi Onuba, Abuja

The Nigeria Deposit Insurance Corporation has taken another bold step to consolidate the reforms in the banking sector as it has unveiled a fresh set of examiners for the sector.

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

About 160 examiners have been recruited in the second phase of the exercise, as the corporation had, in September 2010, recruited 127 examiners into its workforce.

This is the second time the corporation would be unveiling that number of examiners for the banking sector since 1994, when about 300 examiners were recruited.

Speaking in Abuja on Friday at the induction ceremony of the new examiners, the Chairman, NDIC, Dr. Hassan Adamu, commended the examiners for scaling through the “rigorous recruitment process.”

He said, “Your recruitment into the NDIC is to enable the corporation face current and emerging challenges in the financial and banking industry, both locally and globally. We believe you possess the qualifications and qualities required to perform the duties assigned to you.”

In order to ensure that they performed their duties without compromise, Adamu had, while inducting the first set last September, said that the corporation, under his leadership, had benchmarked their package with that of the banking sector.

 

Source: Punch