NDIC boss charges corps members on bank saving culture

THE leadership of the Nigeria Deposit Insurance Corporation (NDIC) has frowned at the low parsonage of banks by the Nigerian population.

The Corporation felt sad that about 65 per cent of the Nigerian population, mainly people domiciling in the rural areas and people with low income due to irregular income, unemployment and distance to branches are not banking in the country.

The NDIC Controller in charge of Yola Zonal Office, Sabo Gidado, in Jalingo, Taraba State, stated this in a paper he presented during a sensitisation and awareness campaign organised by the Corporation for the National Youths Service Corps (NYSC) members.

Drawing the corps members’ attention to the workings of NDIC, he stressed the need for them to cease from distancing themselves from banking, which he said, has become necessary, as all the banks, according to him, have been insured by the Corporation.

In his words: “The important thing to know is that your money is safe since your money is insured by the NDIC.

Stressing that the NDIC has continued to “effectively discharge its mandates, thereby sustaining public confidence in the banking system and ensures financial system stability”, he said banking with any of the existing banks would not herald high blood pressure to corps members as well as members of the public.

In another development, the Taraba State governor, Darius Dickson Ishaku, has stressed the need for Africa Development Bank (ADB) to, as a matter of urgency, fashion out ways of partnering with the state government, especially in the area of water.

In a statement signed by his Senior Special Adviser on Media and Publicity, Sylvanus Y. Giwa, the governor, who reached out to the leadership of the ADB for urgent assistance in the provision of portable water for the people, said it would be unfair of him living in the coffer of luxury while the people are still fetching water from the “ponds.”

According to him: “It is not right for me to be moving with siren when my people are troubled wearing gloomy and downcast faces as a result of lack of drinking water.”

The governor, who vowed to deal with the issue headlong pending when lasting solutions would be achieved, stressed that the plights of its citizenry are “the cardinal objectives of his administration.”

Gidado, who noted that banks’ failure is apparent when they cannot make cash available when depositors go to cash money, said the NDIC would continue to carry out its functions among which include deposit guarantee, supervision of banks, and liquidation of failed banks, to mention but few.

Also speaking, the Taraba State Branch Controller of the Central Bank of Nigeria (CBN), M. S. Abdullahi, admonished corps members on the need to seek investment opportunities by approaching the Entrepreneurship Development Centres and the Micro, Small and Medium Enterprises Development Funds for funds.

Some of the corps members, who spoke with The Guardian on the sensitisation, agreed that the various lectures have availed them the opportunity to invest their monthly take-home pay wisely.

This, they said, would assist them to be self-reliant and discourage the attitudes of searching for jobs after the service year.

They implored the NDIC to endeavour to reach out to other corps members serving in other parts of the country as the exercise, as stated by them, would as well reduce the rate of crimes in the country.

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