NDIC tasks Nigerians on banking knowledge
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