NDIC Introduces Deposit Insurance System In Universities

Yemisi Izuora
The Nigeria Deposit Insurance Corporation (NDIC) has introduced deposit insurance system (DIS) into the curricula of Nigerian universities and other tertiary institutions as part of the on-going efforts toward enhancing public awareness on its mandate and operational activities.

The DIS programme commenced with two courses: “Fundamentals of Deposit Insurance Scheme” and “The Practice of Deposit Insurance” which were designed for students of Business Administration, Economics, Banking & Finance, and Accounting. “Fundamentals of Deposit Insurance“ was specifically designed for 300 level students while “The Practice of Deposit Insurance” was for 400 level students.

The introduction of the programme is intended to enhance the knowledge of both under-graduate and post-graduate students of universities and students of the Chartered Institute of Bankers of Nigeria (CIBN). This will go a long way to enhance the quality of potential staff of banks as well as promote financial literacy and financial inclusion.

Meanwhile, the DIS courses have already commenced at the Ahmadu Bello University (ABU), Zaria while six other first generation Nigerian universities namely University of Lagos; University of Nigeria Nsukka (UNN); Obafemi Awolowo University (OAU); Bayero University Kano (BUK); University of Ibadan (UI), Ibadan; and University of Benin will start running the courses as from next academic session.

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