About NDIC Academy

The Centre for Deposit Insurance System Training & Education is a regional learning center specially designed for the building of capacity in the unique field of Deposit Insurance systems and Financial Safety-net issues. Our courses are designed and carried out in collaboration with local and international regulatory and supervisory agencies such as the International Training Institute (ITI) of the Central Bank of Nigeria (CBN), the Financial Institutions Training Center (FITC), Nigeria, the Chartered Institute of Bankers of Nigeria (CIBN), the Corporate University of the Federal Deposit Insurance Corporation (FDIC), USA, the Office of Technical Assistance (OTA) of the United States Federal Reserve System, the International Association of Deposit Insurers (IADI), etc.

The Academy is established by the Nigeria Deposit Insurance Corporation (NDIC) to serve as a centre of excellence for Africa and Asia sub-regions on DIS and safety-net issues in fulfillment of its core mandate of deposit guarantee, bank supervision, bank distress resolution and bank liquidation and in furtherance of its public policy objectives of depositors’ protection, financial system stability and enhancement of public confidence.

Our Vision

To become a model deposit insurance training institute in Africa and Asia regions by 2020.

Our Mission

To promote and foster individual and organizational effectiveness by developing and offering an array of innovative and diverse training programs in support of the Corporation’s commitment to employee development, partnerships and organizational enrichment.

Our Objectives

The NDIC Academy shall accomplish its mission by focusing on the following goals.

Provide quality, cost-effective training designed to increase individual and organizational productivity
Provide development opportunities that enhance knowledge, develop skills and enrich the organization
Create, promote and foster an environment for knowledge and skill transfer between old and new staff
Provide Deposit Insurance System (DIS ) and safety-net institutions within our scope with the tools to respond effectively to customer needs as well as current and future demands for service
Provide ongoing leadership and support to our partners while enhancing diversity and culture of excellence; and
To leverage technology resources and tools to improve and enhance workflow efficiency and service delivery

Our History

The NDIC Academy, the center for deposit insurance systems training and education, is a regional institute for capacity building in the unique field of Deposit Insurance Systems and Financial Safety-Net issues. The Corporation established a training school in its early years which, jointly with the Manpower Planning & Career Development Unit of the Human Resource Department, coordinated all training initiatives. That was the situation until 2013 when the Corporation’s Board approved the establishment of an Academy in Abuja in the light of developments in the operating environment.

As a center of excellence, the NDIC Academy is now evolving a corporate identity as a reference point on deposit insurance training in Africa and Asia. Our courses are designed in collaboration with local and international regulatory and supervisory agencies. Most of our faculty gained technical expertise in local and overseas institutions such as the International Training Institute (ITI) of the Central Bank of Nigeria (CBN), the Chartered Institute of Bankers of Nigeria (CIBN), The Corporate University of the Federal Deposit Insurance Corporation (FDIC), USA, the office Technical Assistance (OTA) of the United States, Federal Reserve Systems, USA, the International Association of Deposit Insurers (IADI), etc.

The Academy strives to support the Corporation to fulfil its core mandate of Deposit Guarantee, Bank Supervision, Bank Distress Resolution and Bank Liquidation and also further its public policy objectives of depositor’s protection, financial system stability and enhancement of public confidence among the banking public.
The Academy operates a three-unit structure and five schools, each focused on the core corporate mandates as follows:

Bank Supervision
Bank Failure Resolution
Deposit Insurance and Consumer Protection
Information Technology
Management Development