The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) have pledged to collaborate in tackling emerging risks and challenges within the banking sector.
According to a statement posted on the NDIC’s official X account, the commitment was made during a visit by the President of CIBN, Prof Pius Olanrewaju, to the Managing Director of the Corporation in Abuja.
The NDIC highlighted emerging challenges in the financial sector, including digital banking, cybersecurity, fraud, forgery prevention, and effective risk management.
It added that the visit was aimed at consolidating collaboration between both institutions to enhance the safety and stability of Nigeria’s banking system.
(NAN)