In line with the mission of the International Association of Deposit Insurers (IADI) to share knowledge and experience in deposit insurance and areas of compliance with core principles of effective deposit insurance practice, the Nigeria Deposit Insurance Corporation (NDIC) has signed a memorandum of understanding (MOU) with Bank Guarantee Fund (BGF) of Poland.
The MOU was signed at the end of the NDIC’s recent working visit to the Guarantee Fund of Poland (GFP) on capacity building, information and experience sharing in key operational areas; including early warning system, failure resolution, establishment of target fund ratio and implementation of a single customer view system.
The NDIC delegates comprised the Managing Director and Chief Executive Officer, Alh. Umaru Ibrahim and the Executive Director of Operations, Prince Aghatise Erediauwa.
Both the NDIC and BGF are active members of International Association of Deposit Insurers (IADI) and the President of the Management Board of BGF, Poland, Mr. Jerzy Pruski is the current Chair of the Executive Council and President of IADI.