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NDIC, judiciary key partners in financial stability – Bulkachuwa

President of the Court of Appeal Justice Zainab Adamu Bulkachuwa, yesterday, said the Nigerian Deposit Insurance Corporation (NDIC) and the judiciary are crucial partners in…

President of the Court of Appeal Justice Zainab Adamu Bulkachuwa, yesterday, said the Nigerian Deposit Insurance Corporation (NDIC) and the judiciary are crucial partners in ensuring financial system stability in the country.

She stated this while declaring open the 2019 sensitization seminar organised for justices of the Court of Appeal by the NDIC in Abuja, with theme as ‘The Role of Deposit Insurance in Promoting Financial System Stability’.

She stressed that the regular interaction was in recognition of the fact that bank supervisors in the financial services sector and the judiciary play important roles in the promotion of financial system stability, adding that the financial system in general, and deposit insurance in particular, operate within the context of the legal system which the judiciary is a major stakeholder.

“For us to discharge this onerous task placed on us, an in-depth knowledge of the workings and innovations in the financial system is needed, which underscores the importance of this year’s seminar”, Justice Bulkachuwa said.

NDIC Managing Director Umaru Ibrahim, in his keynote address, said the series of sensitisation seminars organised by the corporation in recent times have served as an avenue to enlighten relevant stakeholders including the judiciary.

Represented by Prince Aghatise Erediauwa, the Executive Director, Operations, Ibrahim said the cooperation had achieved its goals through better-informed court judgments, encouraging feedback from the Bar and Bench, and increased awareness on deposit insurance dynamics.

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