NDIC tasks Nige­ri­ans on bank­ing knowl­edge

Daily Trust - - BANKING - From Ab­dul­la­teef Aliyu, Ilorin

The Nigeria De­posit In­sur­ance Cor­po­ra­tion (NDIC) said a lot of Nige­ri­ans take fi­nan­cial and bank­ing de­ci­sions with lit­tle or no knowl­edge of the im­pli­ca­tion of their de­ci­sions.

Act­ing Ilorin Zonal Con­troller of NDIC, Mr Fer­di­nand Jego, stated this in an in­ter­view with news­men dur­ing the sec­ond phase of the sen­si­ti­sa­tion and en­light­en­ment cam­paign tar­geted at reach­ing de­pos­i­tors of var­i­ous li­censed banks through pupils of ju­nior sec­ondary schools in Nigeria.

Jego ad­vised all de­pos­i­tors in­volved with failed banks to come for­ward to lay gen­uine claims to their de­posits.

How­ever, he added: “We are li­able for only de­posits in banks in­sured by NDIC. So any de­pos­i­tor should ask ques­tions as to whether a bank is in­sured by us or not be­fore deal­ing with it.”

Speak­ing on be­half of the NDIC Man­ag­ing Di­rec­tor, Mr. Umaru Ibrahim, the zonal con­troller who pre­sented a book ti­tled: “Ba­sic Knowl­edge on Bank­ing,” to state com­mis­sion­ers for ed­u­ca­tion in Kwara and Ek­iti states un­der the Ilorin Zonal of­fice, stressed that it was nec­es­sary to en­lighten de­pos­i­tors about bank­ing and fi­nan­cial mat­ters be­cause many Nige­ri­ans lacked req­ui­site knowl­edge of fi­nan­cial trans­ac­tions.

He said the in­volve­ment of ju­nior sec­ondary schools was in­formed by the cor­po­ra­tion’s be­lief that the pupils would teach their par­ents and as­sist them in mak­ing bank­ing and fi­nan­cial de­ci­sions.

The con­troller ex­plained that the hand­book con­tained some ba­sic bank­ing prin­ci­ples which if taught to ju­nior sec­ondary pupils, could en­able them pass the knowl­edge to their par­ents and guardians.

In his re­ac­tion, the state Com­mis­sioner for Ed­u­ca­tion and Hu­man Cap­i­tal De­vel­op­ment, Al­haji Saka On­imago, who was rep­re­sented by Per­ma­nent Sec­re­tary, Al­haji Lamidi Alabi, praised the NDIC for its per­sis­tence in sen­si­tis­ing Nige­ri­ans about the nitty-gritty of fi­nan­cial trans­ac­tions

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