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: