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  •  A password will be e mailed to you Voice of Nigeria The authentic choice In a bid to demystify technology and instil Intellectual Property IP Culture in Nigerian knowledge institutions The National Office for Technology Acquisition and Promotion NOTAP has established yet another Intellectual Property and Technology Transfer Office IPTTO in Chukwuemeka Odumegwu Ojukwu University COOU Uli Anambra State Speaking at the commissioning ceremony the Director General and Chief Executive Officer of NOTAP Dr DanAzumi Mohammed Ibrahim said that the establishment of IPTTOs in Nigeria tertiary institutions was an interventionist project of NOTAP to ensure the development of Science Technology and Innovation STI through research Represented by the Director Technology Transfer and Registration TTR department Dr Ephraim Okejiri the DG said that the programme was initiated by NOTAP in collaboration with the World Intellectual Property Organization WIPO to encourage Intellectual Property IP culture and ensure that researchers reap financial benefits from their research undertakings Countries in the developed world that utilised their IP are the producers of the goods and services being consumed by the developing countries Global index for measuring nations development had shifted from resource to knowledge based hence the need to encourage IP development in Nigeria The DG further stated that a lot of uncoordinated research activities are carried out in Nigerian knowledge institutions but with the establishment of IPTTOs researchers are beginning to shift from conventional research just for career progression to demand driven research for solving societal problems NOTAP as a way of encouraging patenting in Nigeria is assisting researchers in writing claims file for patents and pay for patenting fees and only call the researcher for collection of the patent certificate Earlier in his welcome address the Vice Chancellor of the University Professor Greg Nwakoby represented by the Deputy Vice Chancellor academics Prof Osita Chiaghanam said that the decision to establish IPTTO in the institution was not a mistake as the University had been known for its prowess in Science and Engineering adding that the IPTTO will open up opportunities for their research results to be patented NOTAP s visionary leadership programmes especially in the area of Intellectual Property protection will encourage the development of startups which will translate into economic sustainability the VC said Professor Nwakoby further encouraged the staff and students of the institution to take the IP training that will be delivered by NOTAP seriously as it will help in refocusing their research undertakings Three technical papers were delivered and notable among them is the Framework for Management of Intellectual Property in Tertiary Institutions delivered by the Director of Technology Acquisition and Research Coordination Mrs Caroline Anie Osuagwu Prev Post Damar Hamlin discharged from hospital nine days after cardiac arrestNext Post Student Organisation Congratulates New NDIC Chairman Calls For Improved Service Crypto Exchange Binance Registers In Sweden UK Considers Plan For Digital Pound 5G Fintech Innovation to Drive Telecom Sector in 2023 TikTok owner ByteDance Cuts Hundreds Of Jobs In China A password will be e mailed to you Source Credit https von gov ng notap commissions iptto in anambra state university
    NOTAP Commissions IPTTO in Anambra State University
     A password will be e mailed to you Voice of Nigeria The authentic choice In a bid to demystify technology and instil Intellectual Property IP Culture in Nigerian knowledge institutions The National Office for Technology Acquisition and Promotion NOTAP has established yet another Intellectual Property and Technology Transfer Office IPTTO in Chukwuemeka Odumegwu Ojukwu University COOU Uli Anambra State Speaking at the commissioning ceremony the Director General and Chief Executive Officer of NOTAP Dr DanAzumi Mohammed Ibrahim said that the establishment of IPTTOs in Nigeria tertiary institutions was an interventionist project of NOTAP to ensure the development of Science Technology and Innovation STI through research Represented by the Director Technology Transfer and Registration TTR department Dr Ephraim Okejiri the DG said that the programme was initiated by NOTAP in collaboration with the World Intellectual Property Organization WIPO to encourage Intellectual Property IP culture and ensure that researchers reap financial benefits from their research undertakings Countries in the developed world that utilised their IP are the producers of the goods and services being consumed by the developing countries Global index for measuring nations development had shifted from resource to knowledge based hence the need to encourage IP development in Nigeria The DG further stated that a lot of uncoordinated research activities are carried out in Nigerian knowledge institutions but with the establishment of IPTTOs researchers are beginning to shift from conventional research just for career progression to demand driven research for solving societal problems NOTAP as a way of encouraging patenting in Nigeria is assisting researchers in writing claims file for patents and pay for patenting fees and only call the researcher for collection of the patent certificate Earlier in his welcome address the Vice Chancellor of the University Professor Greg Nwakoby represented by the Deputy Vice Chancellor academics Prof Osita Chiaghanam said that the decision to establish IPTTO in the institution was not a mistake as the University had been known for its prowess in Science and Engineering adding that the IPTTO will open up opportunities for their research results to be patented NOTAP s visionary leadership programmes especially in the area of Intellectual Property protection will encourage the development of startups which will translate into economic sustainability the VC said Professor Nwakoby further encouraged the staff and students of the institution to take the IP training that will be delivered by NOTAP seriously as it will help in refocusing their research undertakings Three technical papers were delivered and notable among them is the Framework for Management of Intellectual Property in Tertiary Institutions delivered by the Director of Technology Acquisition and Research Coordination Mrs Caroline Anie Osuagwu Prev Post Damar Hamlin discharged from hospital nine days after cardiac arrestNext Post Student Organisation Congratulates New NDIC Chairman Calls For Improved Service Crypto Exchange Binance Registers In Sweden UK Considers Plan For Digital Pound 5G Fintech Innovation to Drive Telecom Sector in 2023 TikTok owner ByteDance Cuts Hundreds Of Jobs In China A password will be e mailed to you Source Credit https von gov ng notap commissions iptto in anambra state university
    NOTAP Commissions IPTTO in Anambra State University
    General news3 weeks ago

    NOTAP Commissions IPTTO in Anambra State University

    A password will be e-mailed to you.

    Voice of Nigeria - | The authentic choice

    In a bid to demystify technology and instil Intellectual Property (IP) Culture in Nigerian knowledge institutions, The National Office for Technology Acquisition and Promotion (NOTAP) has established yet another Intellectual Property and Technology Transfer Office (IPTTO) in Chukwuemeka Odumegwu Ojukwu University (COOU) Uli, Anambra State.

    Speaking at the commissioning ceremony, the Director General and Chief Executive Officer of NOTAP, Dr DanAzumi Mohammed Ibrahim said that the establishment of IPTTOs in Nigeria tertiary institutions was an interventionist project of NOTAP to ensure the development of Science Technology and Innovation (STI) through research.

    Represented by the Director Technology Transfer and Registration (TTR) department, Dr Ephraim Okejiri, the DG said that the programme was initiated by NOTAP in collaboration with the World Intellectual Property Organization (WIPO) to encourage Intellectual Property (IP) culture and ensure that researchers reap financial benefits from their research undertakings.

    Countries in the developed world that utilised their IP are the producers of the goods and services being consumed by the developing countries. Global index for measuring nations development had shifted from resource to knowledge-based, hence the need to encourage IP development in Nigeria”.

    The DG further stated that a lot of uncoordinated research activities are carried out in Nigerian knowledge institutions but with the establishment of IPTTOs, researchers are beginning to shift from conventional research just for career progression to demand driven research for solving societal problems.

    NOTAP as a way of encouraging patenting in Nigeria is assisting researchers in writing claims, file for patents and pay for patenting fees and only call the researcher for collection of the patent certificate”.

    Earlier in his welcome address, the Vice Chancellor of the University, Professor Greg Nwakoby, represented by the Deputy Vice Chancellor academics, Prof Osita Chiaghanam said that the decision to establish IPTTO in the institution was not a mistake as the University had been known for its prowess in Science and Engineering, adding that the IPTTO will open up opportunities for their research results to be patented.

    NOTAP’s visionary leadership programmes especially in the area of Intellectual Property protection will encourage the development of startups which will translate into economic sustainability” the VC said.

    Professor Nwakoby further encouraged the staff and students of the institution to take the IP training that will be delivered by NOTAP seriously as it will help in refocusing their research undertakings.

    Three technical papers were delivered and notable among them is the Framework for Management of Intellectual Property in Tertiary Institutions, delivered by the Director of Technology Acquisition and Research Coordination, Mrs Caroline Anie-Osuagwu.

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  •  The Nigeria Deposit Insurance Corporation NDIC has begun the training of 100 students and teachers on imperative of bank savings in Adamawa NDIC s Coordinator Mrs Regina Dimilong said this at the inauguration of a one day sensitisation exercise to mark the 2022 World Savings Day on Wednesday in Yola The theme of the Day is Savings prepare you for the future She said 89 students and 12 teachers drawned from 12 junior and senior secondary schools participated in the exercise designed to create awareness on imperative of bank savings According to her NDIC is educating students to instill bank savings culture and financial discipline to enable them to become productive I want assure you that NDIC is working assidiously to ensure stability of the banking sector by ensuring safety of customer deposits in commercial banks she said The Coordinator lauded the Federal Government and the Central Bank of Nigeria CBN for ensuring sanity in the banking sector in the country Earlier Mr Faremi Tunde NDIC s Acting Controller in the state enjoined the participants to imbibe the culture of savings in certified financial institutions stressing that bank savings guarantees safety of deposits In his remarks Malam Mohammed Muss Principal General Murtala Mohammed College lauded the gesture adding it would promote savings culture and enhance financial inclusion at the grassroots He admonished the students to make good use of the knowledge acquired and imbibe bank savings culture RSA NewsSourceCredit NAN
    Savings Day: NDIC sensitises 100 students, teachers in Adamawa
     The Nigeria Deposit Insurance Corporation NDIC has begun the training of 100 students and teachers on imperative of bank savings in Adamawa NDIC s Coordinator Mrs Regina Dimilong said this at the inauguration of a one day sensitisation exercise to mark the 2022 World Savings Day on Wednesday in Yola The theme of the Day is Savings prepare you for the future She said 89 students and 12 teachers drawned from 12 junior and senior secondary schools participated in the exercise designed to create awareness on imperative of bank savings According to her NDIC is educating students to instill bank savings culture and financial discipline to enable them to become productive I want assure you that NDIC is working assidiously to ensure stability of the banking sector by ensuring safety of customer deposits in commercial banks she said The Coordinator lauded the Federal Government and the Central Bank of Nigeria CBN for ensuring sanity in the banking sector in the country Earlier Mr Faremi Tunde NDIC s Acting Controller in the state enjoined the participants to imbibe the culture of savings in certified financial institutions stressing that bank savings guarantees safety of deposits In his remarks Malam Mohammed Muss Principal General Murtala Mohammed College lauded the gesture adding it would promote savings culture and enhance financial inclusion at the grassroots He admonished the students to make good use of the knowledge acquired and imbibe bank savings culture RSA NewsSourceCredit NAN
    Savings Day: NDIC sensitises 100 students, teachers in Adamawa
    Economy3 months ago

    Savings Day: NDIC sensitises 100 students, teachers in Adamawa

    The Nigeria Deposit Insurance Corporation (NDIC) has begun the training of 100 students and teachers on imperative of bank savings in Adamawa.

    NDIC’s Coordinator, Mrs Regina Dimilong said this at the inauguration of a one-day sensitisation exercise to mark the 2022 World Savings Day on Wednesday in Yola. The theme of the Day is “Savings prepare you for the future”.

    She said 89 students and 12 teachers drawned from 12 junior and senior secondary schools participated in the exercise designed to create awareness on imperative of bank savings.

    According to her, NDIC is educating students to instill bank savings culture and financial discipline to enable them to become productive.

    “I want assure you that  NDIC is working assidiously to ensure stability of the banking sector by ensuring safety of customer deposits in commercial banks,” she said.

    The Coordinator lauded the Federal Government and the Central Bank of Nigeria (CBN) for ensuring sanity in the banking sector in the country.

    Earlier, Mr Faremi Tunde, NDIC’s Acting Controller in the state, enjoined the participants to imbibe the culture of savings in certified financial institutions, stressing that bank savings guarantees safety of deposits.

    In his remarks, Malam Mohammed Muss, Principal, General Murtala Mohammed College, lauded the gesture, adding it would promote savings culture and enhance financial inclusion at the grassroots.

    He admonished the students to make good use of the knowledge acquired and imbibe bank savings culture.

    RSA
    NewsSourceCredit: NAN

  •  The Nigeria Deposit Insurance Corporation NDIC has issued verification notice to depositors of Post Service Savings and Loans in liquidation The NDIC on its official Twitter handle on Saturday said the verification was to effect payment of insured deposits to the depositors The corporation said the exercise would commence between Nov 7 and Nov 10 It listed the corporation s offices where depositors could visit to include FCT Lagos Enugu Benin Kano Bauchi Owerri among others The NDIC the official liquidator of the defunct Post Service Savings and Loans in liquidation is in the process of carrying out verification of the depositors of the bank This is to effect payment of the insured deposits We therefore invite all eligible depositors to either meet the corporation s official at the military formations where the branches of the bank are domiciled or at any under listed NDIC offices Depositors can also visit NDIC website on www ndic gov ng for the verification of their claims the corporation said NewsSourceCredit NAN
    NDIC issues verification notice to depositors of defunct Post Service Savings, Loans
     The Nigeria Deposit Insurance Corporation NDIC has issued verification notice to depositors of Post Service Savings and Loans in liquidation The NDIC on its official Twitter handle on Saturday said the verification was to effect payment of insured deposits to the depositors The corporation said the exercise would commence between Nov 7 and Nov 10 It listed the corporation s offices where depositors could visit to include FCT Lagos Enugu Benin Kano Bauchi Owerri among others The NDIC the official liquidator of the defunct Post Service Savings and Loans in liquidation is in the process of carrying out verification of the depositors of the bank This is to effect payment of the insured deposits We therefore invite all eligible depositors to either meet the corporation s official at the military formations where the branches of the bank are domiciled or at any under listed NDIC offices Depositors can also visit NDIC website on www ndic gov ng for the verification of their claims the corporation said NewsSourceCredit NAN
    NDIC issues verification notice to depositors of defunct Post Service Savings, Loans
    Economy3 months ago

    NDIC issues verification notice to depositors of defunct Post Service Savings, Loans

    The Nigeria Deposit Insurance Corporation (NDIC) has issued verification notice to depositors of Post Service Savings and Loans in-liquidation.

    The NDIC on its official Twitter handle on Saturday, said the verification was to effect payment of insured deposits to the depositors.

    The corporation said the exercise would commence between Nov. 7 and Nov. 10. It listed the corporation’s offices where depositors could visit to include FCT, Lagos, Enugu, Benin, Kano, Bauchi, Owerri, among others.

    ”The NDIC, the official liquidator of the defunct Post Service Savings and Loans in-liquidation is in the process of carrying out verification of the depositors of the bank.

    ”This is to effect payment of the insured deposits.

    ”We therefore invite all eligible depositors to either meet the corporation’s official at the military formations where the branches of the bank are domiciled or at any under-listed NDIC offices.

    ”Depositors can also visit NDIC website on www.

    ndic.

    gov.

    ng for the verification of their claims,” the corporation said.


    NewsSourceCredit: NAN

  •  The Nigeria Deposit Insurance Corporation NDIC says it will continue to work with the Central Bank of Nigeria CBN to conduct Risk Based Supervision RBS in its insured financial institutions RBS is a comprehensive formally structured system that assesses risks within the financial system giving priority to the resolution of those risks The NDIC in the Corporation s official Twitter handle on Tuesday quoted its Managing Director Mr Bello Hassan as saying this Hassan said that the RBS was a proactive measure toward anticipating all risks macro and micro as well as global and domestically to address same continuously According to him we have tried to immunise the system to withstand whatever shocks that may be impacting on the Nigerian economy and the financial system NewsSourceCredit NAN
    NDIC to work with CBN to conduct Risk Based Supervision in banks — MD
     The Nigeria Deposit Insurance Corporation NDIC says it will continue to work with the Central Bank of Nigeria CBN to conduct Risk Based Supervision RBS in its insured financial institutions RBS is a comprehensive formally structured system that assesses risks within the financial system giving priority to the resolution of those risks The NDIC in the Corporation s official Twitter handle on Tuesday quoted its Managing Director Mr Bello Hassan as saying this Hassan said that the RBS was a proactive measure toward anticipating all risks macro and micro as well as global and domestically to address same continuously According to him we have tried to immunise the system to withstand whatever shocks that may be impacting on the Nigerian economy and the financial system NewsSourceCredit NAN
    NDIC to work with CBN to conduct Risk Based Supervision in banks — MD
    Economy3 months ago

    NDIC to work with CBN to conduct Risk Based Supervision in banks — MD

    The Nigeria Deposit Insurance Corporation (NDIC), says it will continue to work with the Central Bank of Nigeria (CBN) to conduct Risk Based Supervision (RBS) in its insured financial institutions.

    RBS is a comprehensive, formally structured system that assesses risks within the financial system, giving priority to the resolution of those risks.

    The NDIC in the Corporation’s official Twitter handle on Tuesday quoted its Managing Director, Mr Bello Hassan, as saying this.

    Hassan said that the RBS was a proactive measure toward anticipating all risks, macro and micro as well as global and domestically to address same continuously.

    According to him, we have tried to immunise the system to withstand whatever shocks that may be impacting on the Nigerian economy and the financial system.


    NewsSourceCredit: NAN

  •   Buhari salutes ex Dep Gov of Bauchi State Nuhu Gidado at 64 Congratulations By Ismaila Chafe Abuja Oct 18 2022 President Muhammadu Buhari has felicitated with former Deputy Governor of Bauchi State Nuhu Gidado on his 64th birthday In a congratulatory message by his spokesman Mr Femi Adesina on Monday in Abuja Buhari joined family and friends to celebrate with the public servant who had served the nation and his state in many capacities Buhari noted the zeal courage and vision that Gidado had brought to the various positions and responsibilities held over many years Gidado was a one time Commissioner of Education where he initiated and implemented reforms that saw increase in enrolment improvement in output of teachers and better performances in The president extolled the former Deputy Governor for contributions to the development of the country while in the private sector He also lauded him for supervising projects at state and national levels like the Headquarters of the Nigeria Deposit Insurance Corporation NDIC in Abuja and infrastructural projects in Bauchi State Buhari commended Gidado s humility diligence and discipline especially in delivering remarkable and built to last projects with a clear sense of detail The president prayed for long life and more prosperity for the former Deputy Governor NewsSourceCredit NAN
    Buhari salutes ex-Dep. Gov. of Bauchi State, Nuhu Gidado at 64
      Buhari salutes ex Dep Gov of Bauchi State Nuhu Gidado at 64 Congratulations By Ismaila Chafe Abuja Oct 18 2022 President Muhammadu Buhari has felicitated with former Deputy Governor of Bauchi State Nuhu Gidado on his 64th birthday In a congratulatory message by his spokesman Mr Femi Adesina on Monday in Abuja Buhari joined family and friends to celebrate with the public servant who had served the nation and his state in many capacities Buhari noted the zeal courage and vision that Gidado had brought to the various positions and responsibilities held over many years Gidado was a one time Commissioner of Education where he initiated and implemented reforms that saw increase in enrolment improvement in output of teachers and better performances in The president extolled the former Deputy Governor for contributions to the development of the country while in the private sector He also lauded him for supervising projects at state and national levels like the Headquarters of the Nigeria Deposit Insurance Corporation NDIC in Abuja and infrastructural projects in Bauchi State Buhari commended Gidado s humility diligence and discipline especially in delivering remarkable and built to last projects with a clear sense of detail The president prayed for long life and more prosperity for the former Deputy Governor NewsSourceCredit NAN
    Buhari salutes ex-Dep. Gov. of Bauchi State, Nuhu Gidado at 64
    General news3 months ago

    Buhari salutes ex-Dep. Gov. of Bauchi State, Nuhu Gidado at 64

    Buhari salutes ex-Dep. Gov. of Bauchi State, Nuhu Gidado at 64 Congratulations  By Ismaila Chafe  Abuja, Oct. 18, 2022 President Muhammadu Buhari has felicitated with former Deputy Governor of Bauchi State, Nuhu Gidado, on his 64th birthday.

    In a congratulatory message by his spokesman, Mr Femi Adesina, on Monday in Abuja, Buhari joined family and friends to celebrate with the public servant, who had served the nation and his state in many capacities.

    Buhari noted the zeal, courage and vision that Gidado had brought to the various positions and responsibilities held over many years.

    Gidado was a one-time Commissioner of Education, where he initiated and implemented reforms that saw increase in enrolment, improvement in output of teachers and better performances in .  

    The president extolled the former Deputy Governor for contributions to the development of the country, while in the private sector.

    He also lauded him for supervising projects at state and national levels, like the Headquarters of the Nigeria Deposit Insurance Corporation (NDIC) in Abuja, and infrastructural projects in Bauchi State.  

    Buhari commended Gidado’s humility, diligence and discipline, especially in delivering remarkable and built-to-last projects, with a clear sense of detail.  

    The president prayed for long life and more prosperity for the former Deputy Governor.


    NewsSourceCredit: NAN

  •  Godwin Emefiele the Governor Central Bank of Nigeria CBN has urged early detection of challenges in banks and quick intervention to avert financial distress of depositors This is contained in a statement posted on the CBN website on Wednesday According to the statement Emefiele spoke at the International Association of Deposit Insurers IADI Africa Regional Committee ARC Technical Assistance Workshop The News Agency of Nigeria reports that the workshop was hosted by the Nigeria Deposit Insurance Corporation NDIC Emefiele called for strong effective collaboration among major stakeholders to achieve such early detection and intervention He said that measures taken by the monetary and fiscal authorities had reinforced resilience in the Nigerian financial system The CBN governor pledged the apex bank s continuous support and collaboration with relevant stakeholders to strengthen the financial sector CBN will continue to collaborate and support the efforts of other safety net players in handling crisis within the financial system he said He said that Banking Sector Resolution Fund would be utilised exclusively to provide financial assistance to failing banks and bridge banks as well as generally support any banking resolution process According to Emefiele the CBN is determined to ensure robust regulatory landscape without stifling innovation He called for strengthened regional and continental financial systems for the benefit of all Africans NewsSourceCredit NAN
    Emefiele urges early detection of challenges in banks, timely intervention
     Godwin Emefiele the Governor Central Bank of Nigeria CBN has urged early detection of challenges in banks and quick intervention to avert financial distress of depositors This is contained in a statement posted on the CBN website on Wednesday According to the statement Emefiele spoke at the International Association of Deposit Insurers IADI Africa Regional Committee ARC Technical Assistance Workshop The News Agency of Nigeria reports that the workshop was hosted by the Nigeria Deposit Insurance Corporation NDIC Emefiele called for strong effective collaboration among major stakeholders to achieve such early detection and intervention He said that measures taken by the monetary and fiscal authorities had reinforced resilience in the Nigerian financial system The CBN governor pledged the apex bank s continuous support and collaboration with relevant stakeholders to strengthen the financial sector CBN will continue to collaborate and support the efforts of other safety net players in handling crisis within the financial system he said He said that Banking Sector Resolution Fund would be utilised exclusively to provide financial assistance to failing banks and bridge banks as well as generally support any banking resolution process According to Emefiele the CBN is determined to ensure robust regulatory landscape without stifling innovation He called for strengthened regional and continental financial systems for the benefit of all Africans NewsSourceCredit NAN
    Emefiele urges early detection of challenges in banks, timely intervention
    Economy4 months ago

    Emefiele urges early detection of challenges in banks, timely intervention

    Godwin Emefiele, the Governor, Central Bank of Nigeria (CBN) has urged early detection of challenges in banks and quick intervention to avert financial distress of depositors.

    This is contained in a statement posted on the CBN website on Wednesday.

    According to the statement, Emefiele spoke at the International Association of Deposit Insurers (IADI), Africa Regional Committee (ARC) Technical Assistance Workshop.

    The News Agency of Nigeria reports that the workshop was hosted by the Nigeria Deposit Insurance Corporation (NDIC).

    Emefiele called for strong, effective collaboration among major stakeholders to achieve such early detection and intervention.

    He said that measures taken by the monetary and fiscal authorities had reinforced resilience in the Nigerian financial system.

    The CBN governor pledged the apex bank’s continuous support and collaboration with relevant stakeholders to strengthen the financial sector.

    “CBN will continue to collaborate and support the efforts of other safety-net players in handling crisis within the financial system,” he said.

    He said that Banking Sector Resolution Fund would be utilised exclusively to provide financial assistance to failing banks and bridge banks, as well as generally support any banking resolution process.

    According to Emefiele, the CBN is determined to ensure robust regulatory landscape without stifling innovation.

    He called for strengthened regional and continental financial systems for the benefit of all Africans.


    NewsSourceCredit: NAN

  •  The Nigeria Deposit Insurance Corporation NDIC and other Africa Deposit Insurance agencies will explore the role of deposit insurance in early detection and timely intervention in resolving bank failures A statement by Mr Bashir Nuhu the Director Communication and Public Affairs Department of NDIC said on Sunday in Abuja that the move would be at the forthcoming regional workshop Nuhu said the event scheduled to hold between Oct 4 and Oct 7 was a Technical Assistance Workshop TAW under the auspices of the African Regional Committee ARC of the International Association of Deposit Insurers IADI He said the workshop tagged Normality in Turbulent Periods The Stabilising Role of Deposit Insurance would also explore management and strengthening of operational resilience of deposit insurance agencies According to Nuhu deposit insurance organisations from more than 15 African countries including Angola Botswana Burundi Ghana Kenya Senegal Somalia Sudan Tanzania Uganda and Zimbabwe are expected to attend The director said that representatives of deposit insurance agencies from Chinese Taipei Indonesia USA the Financial Stability Institute FSI and the IADI Secretariat in Basel Switzerland are expected as resource persons He said the workshop would take place against the backdrop of the 20th Anniversary of IADI established in May 2002 with the aim of sharing deposit insurance expertise with the world As a deposit insurer and member of the financial safety net in Nigeria NDIC is a founding member of IADI pioneer member of its executive council and founding chairperson of the Africa Regional Committee ARC The hosting of the IADI ARC TAW by the NDIC is a recognition of the Corporation s international standing and significant achievements It is also in recognition of the Corporation s expertise in the implementation of the Deposit Insurance System in Africa NewsSourceCredit NAN
    NDIC, others explore early detection, timely intervention in resolving bank failures 
     The Nigeria Deposit Insurance Corporation NDIC and other Africa Deposit Insurance agencies will explore the role of deposit insurance in early detection and timely intervention in resolving bank failures A statement by Mr Bashir Nuhu the Director Communication and Public Affairs Department of NDIC said on Sunday in Abuja that the move would be at the forthcoming regional workshop Nuhu said the event scheduled to hold between Oct 4 and Oct 7 was a Technical Assistance Workshop TAW under the auspices of the African Regional Committee ARC of the International Association of Deposit Insurers IADI He said the workshop tagged Normality in Turbulent Periods The Stabilising Role of Deposit Insurance would also explore management and strengthening of operational resilience of deposit insurance agencies According to Nuhu deposit insurance organisations from more than 15 African countries including Angola Botswana Burundi Ghana Kenya Senegal Somalia Sudan Tanzania Uganda and Zimbabwe are expected to attend The director said that representatives of deposit insurance agencies from Chinese Taipei Indonesia USA the Financial Stability Institute FSI and the IADI Secretariat in Basel Switzerland are expected as resource persons He said the workshop would take place against the backdrop of the 20th Anniversary of IADI established in May 2002 with the aim of sharing deposit insurance expertise with the world As a deposit insurer and member of the financial safety net in Nigeria NDIC is a founding member of IADI pioneer member of its executive council and founding chairperson of the Africa Regional Committee ARC The hosting of the IADI ARC TAW by the NDIC is a recognition of the Corporation s international standing and significant achievements It is also in recognition of the Corporation s expertise in the implementation of the Deposit Insurance System in Africa NewsSourceCredit NAN
    NDIC, others explore early detection, timely intervention in resolving bank failures 
    Economy4 months ago

    NDIC, others explore early detection, timely intervention in resolving bank failures 

    The Nigeria Deposit Insurance Corporation (NDIC), and other Africa Deposit Insurance agencies will explore the role of deposit insurance in early detection and timely intervention in resolving bank failures.

    A statement by Mr Bashir Nuhu, the Director, Communication and Public Affairs Department of NDIC, said on Sunday in Abuja, that the move would be at the forthcoming regional workshop.

    Nuhu said the event, scheduled to hold between Oct. 4 and Oct. 7, was a Technical Assistance Workshop (TAW) under the auspices of the African Regional Committee (ARC) of the International Association of Deposit Insurers (IADI).

    He said the workshop tagged: ‘Normality in Turbulent Periods: The Stabilising Role of Deposit Insurance”, would also explore management and strengthening of operational resilience of deposit insurance agencies.

    According to Nuhu, deposit insurance organisations from more than 15 African countries including Angola, Botswana, Burundi,Ghana,  Kenya, Senegal, Somalia, Sudan, Tanzania,  Uganda and Zimbabwe are expected to  attend.

    The director said that representatives of  deposit insurance agencies from Chinese Taipei, Indonesia, USA, the Financial Stability Institute (FSI) and the IADI Secretariat in Basel, Switzerland are expected as resource persons.

    He said the workshop would take place against the backdrop of the 20th Anniversary of IADI, established in May 2002 with the aim of sharing deposit insurance expertise with the world.

    ”As a deposit insurer and member of the financial safety net in Nigeria, NDIC is a  founding member of IADI, pioneer member of  its executive council and founding chairperson of the Africa Regional Committee (ARC).

    ”The hosting of the IADI-ARC TAW by the NDIC is a recognition of the Corporation’s  international standing and significant  achievements.

    ”It is also in recognition of the Corporation’s expertise in the implementation of the Deposit Insurance System in Africa.


    NewsSourceCredit: NAN

  •  The National Pension Commission PenCom said that the highest paid official of the commission earns less than N1million a month an official has said The Head Corporate Communications of PenCom Mr Abdulqadir Dahiru made the statement available to newsmen on Saturday in Abuja He said it was illogical and improbable that the least paid staffer receives a monthly salary of N3million Dahiru said that it was earlier alleged that the least paid PenCom employee earns a salary of N3million per month This has fueled all sorts of false allegations and unfair insinuations We understand that there is an element of mischief and possible blackmail on the commission s compensation package From our understanding it appears someone calculated all staff costs including training staff exit benefit scheme and employer s pension contribution He divided the total by the number of the commission s employees and concluded that the least paid employee is on a monthly salary of 3 million There is a clear difference between staff cost and staff salaries he said Dahiru said that there was a false and misleading information on the compensation package of the commission being circulated in the traditional and social media He that said from the inception of the commission in 2004 the Federal Government mandated its board to adopt an employee compensation policy Dahiru stated that the policy favorably compared to comparative government bodies in the financial services sector He said that they include Central Bank of Nigeria CBN Nigeria Deposit Insurance Corporation NDIC and Securities and Exchange Commission SEC Section 25 2 b of the Pension Reform Act 2014 also empowers the board of the commission to fix the remuneration allowances and benefits of the employees We made all these facts known in a recent submission to the House of Representatives Committee on Finance over the compensation package of the commission We also stated that the last compensation package review was done in 2017 with the approval of the Office of the Secretary to the Government of the Federation OSGF No review has been done in the last five years and this has affected the ability of the commission to attract hire and retain staff with competitive skills he said Dahiru urged the public to ignore the false and mischievous information on the staff compensation package The commission has nothing to hide and will continue to run a transparent and an accountable system NewsSourceCredit NAN
    Highest paid official receives less than N1m salary in PenCom–Official
     The National Pension Commission PenCom said that the highest paid official of the commission earns less than N1million a month an official has said The Head Corporate Communications of PenCom Mr Abdulqadir Dahiru made the statement available to newsmen on Saturday in Abuja He said it was illogical and improbable that the least paid staffer receives a monthly salary of N3million Dahiru said that it was earlier alleged that the least paid PenCom employee earns a salary of N3million per month This has fueled all sorts of false allegations and unfair insinuations We understand that there is an element of mischief and possible blackmail on the commission s compensation package From our understanding it appears someone calculated all staff costs including training staff exit benefit scheme and employer s pension contribution He divided the total by the number of the commission s employees and concluded that the least paid employee is on a monthly salary of 3 million There is a clear difference between staff cost and staff salaries he said Dahiru said that there was a false and misleading information on the compensation package of the commission being circulated in the traditional and social media He that said from the inception of the commission in 2004 the Federal Government mandated its board to adopt an employee compensation policy Dahiru stated that the policy favorably compared to comparative government bodies in the financial services sector He said that they include Central Bank of Nigeria CBN Nigeria Deposit Insurance Corporation NDIC and Securities and Exchange Commission SEC Section 25 2 b of the Pension Reform Act 2014 also empowers the board of the commission to fix the remuneration allowances and benefits of the employees We made all these facts known in a recent submission to the House of Representatives Committee on Finance over the compensation package of the commission We also stated that the last compensation package review was done in 2017 with the approval of the Office of the Secretary to the Government of the Federation OSGF No review has been done in the last five years and this has affected the ability of the commission to attract hire and retain staff with competitive skills he said Dahiru urged the public to ignore the false and mischievous information on the staff compensation package The commission has nothing to hide and will continue to run a transparent and an accountable system NewsSourceCredit NAN
    Highest paid official receives less than N1m salary in PenCom–Official
    Economy5 months ago

    Highest paid official receives less than N1m salary in PenCom–Official

    The National Pension Commission (PenCom) said that the highest paid official of the commission earns less than N1million a month,an official has said.

    The Head, Corporate Communications of PenCom, Mr Abdulqadir Dahiru, made the statement  available to newsmen on Saturday in Abuja.

    He said, ”it was illogical and improbable that the least paid staffer receives a monthly salary of N3million.

    ” Dahiru said that it was earlier alleged that the least paid PenCom employee earns a salary of N3million per month.

    ”This has fueled all sorts of false allegations and unfair insinuations. 

    “ We understand that there is an element of mischief and possible blackmail on the commission’s compensation package.

    “ From our understanding, it appears someone calculated all staff costs, including training, staff exit benefit scheme and employer’s pension contribution.

    ”He divided the total by the number of the commission’s employees and concluded that the least paid employee is on a monthly salary of ₦3 million. 

    “ There is a clear difference between staff cost and staff salaries,” he said. 

    Dahiru said that there was a false and misleading information on the compensation package of the commission being circulated in the traditional and social media.

    He that said from the inception of the commission in 2004, the Federal Government mandated its board to adopt an employee compensation policy.

    Dahiru stated that the policy favorably compared to comparative government bodies in the financial services sector,  He said that they include Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC) and Securities and Exchange Commission (SEC). 

    “ Section 25(2)(b) of the Pension Reform Act 2014 also empowers the board of the commission to fix the remuneration, allowances and benefits of the employees.

    “ We made all these facts known in a recent submission to the House of Representatives Committee on Finance over the compensation package of the commission. 

    “ We also stated that the last compensation package review was done in 2017 with the approval of the Office of the Secretary to the Government of the Federation (OSGF).

    “  No review has been done in the last five years and this has affected the ability of the commission to attract, hire and retain staff with competitive skills,” he said.

    Dahiru urged the public to ”ignore the false and mischievous information on the staff compensation package.

    ”The commission has nothing to hide and will continue to run a transparent and an accountable system.


    NewsSourceCredit: NAN

  •  President Muhammadu Buhari on Tuesday commended the Central Bank of Nigeria CBN for diligently working towards achieving financial system stability in Nigeria Buhari gave the commendation in his adress at the 15th Annual Banking and Finance Conference organised by the Chattered Institute of Bankers of Nigeria CIBN in Abuja The News Agency of Nigeria reports that the theme of the conference is Repositioning the Financial Services Industry for an Evolving Glocal Context The president was represented at the event by the Minister of Finance and National Planning Mrs Zainab Ahmed He said the theme was apt in view of the need to constantly adapt to internationally acceptable best practices to improve the efficiency and effectiveness of the sector He also commended the Nigeria Deposit Insurance Corporation NDIC and the Security Exchange Commission SEC National Insurance Commission NICOM and other stakeholders for their contributions He pledged the government s support to the banking and financial sector of the country Let me seize this opportunity to commend the regulators of the industry CBN NDIC SEC NICOM for their diligent work which has ensured financial system stability in the country over the years I wish to also assure the entire banking and finance community that government will continue to support the industry in all appropriate ways Government will ensure that the sector continues to deliver on its mandates while creating value and innovation for its customers he said The president called on Nigerians to exploit the country s comparative advantages for economic growth and prosperity We need a Nigeria of the future that harnesses her strengths competences and cultural diversity to tackle the challenges that plague her people From climate change to pandemics and insecurity Government will continue to formulate and implement policies that are aimed at promoting self sustenance in critical areas such as energy agriculture health technologies he said The conference was attended by stakeholders from both the public and private sectors including the Speaker of the House of Representatives Mr Femi Gbajabiamila and the Lagos State Governor Mr Babajide Sanwo Olu who were both represented NewsSourceCredit NAN
    Buhari commends CBN, for financial system stability
     President Muhammadu Buhari on Tuesday commended the Central Bank of Nigeria CBN for diligently working towards achieving financial system stability in Nigeria Buhari gave the commendation in his adress at the 15th Annual Banking and Finance Conference organised by the Chattered Institute of Bankers of Nigeria CIBN in Abuja The News Agency of Nigeria reports that the theme of the conference is Repositioning the Financial Services Industry for an Evolving Glocal Context The president was represented at the event by the Minister of Finance and National Planning Mrs Zainab Ahmed He said the theme was apt in view of the need to constantly adapt to internationally acceptable best practices to improve the efficiency and effectiveness of the sector He also commended the Nigeria Deposit Insurance Corporation NDIC and the Security Exchange Commission SEC National Insurance Commission NICOM and other stakeholders for their contributions He pledged the government s support to the banking and financial sector of the country Let me seize this opportunity to commend the regulators of the industry CBN NDIC SEC NICOM for their diligent work which has ensured financial system stability in the country over the years I wish to also assure the entire banking and finance community that government will continue to support the industry in all appropriate ways Government will ensure that the sector continues to deliver on its mandates while creating value and innovation for its customers he said The president called on Nigerians to exploit the country s comparative advantages for economic growth and prosperity We need a Nigeria of the future that harnesses her strengths competences and cultural diversity to tackle the challenges that plague her people From climate change to pandemics and insecurity Government will continue to formulate and implement policies that are aimed at promoting self sustenance in critical areas such as energy agriculture health technologies he said The conference was attended by stakeholders from both the public and private sectors including the Speaker of the House of Representatives Mr Femi Gbajabiamila and the Lagos State Governor Mr Babajide Sanwo Olu who were both represented NewsSourceCredit NAN
    Buhari commends CBN, for financial system stability
    Economy5 months ago

    Buhari commends CBN, for financial system stability

    President Muhammadu Buhari, on Tuesday commended the Central Bank of Nigeria (CBN) for diligently working towards achieving financial system stability in Nigeria.

    Buhari gave the commendation in his adress at the 15th Annual Banking and Finance Conference organised by the Chattered Institute of Bankers of Nigeria (CIBN) in Abuja.

    The News Agency of Nigeria reports that the theme of the conference is “Repositioning the Financial Services Industry for an Evolving Glocal Context.

    ” The president was represented at the event by the Minister of Finance and National Planning, Mrs Zainab Ahmed.

    He said the theme was apt in view of the need to constantly adapt to internationally acceptable best practices to improve the efficiency and effectiveness of the sector.

    He also commended the Nigeria Deposit Insurance Corporation (NDIC) and the Security, Exchange Commission (SEC), National Insurance Commission (NICOM) and other stakeholders for their contributions.

    He pledged the government’s support to the banking and financial sector of the country.

    “Let me seize this opportunity to commend the regulators of the industry, (CBN, NDIC, SEC NICOM) for their diligent work which has ensured financial system stability in the country over the years.

    “I wish to also assure the entire banking and finance community that government will continue to support the industry in all appropriate ways.

    “Government will ensure that the sector continues to deliver on its mandates while creating value and innovation for its customers,” he said.

    The president called on Nigerians to exploit the country’s comparative advantages for economic growth and prosperity.

    “We need a Nigeria of the future that harnesses her strengths, competences and cultural diversity to tackle the challenges that plague her people.

    “From climate change to pandemics, and insecurity.

    “Government will continue to formulate and implement policies that are aimed at promoting self-sustenance in critical areas such as energy, agriculture, health, technologies,” he said.

    The conference was attended by stakeholders from both the public and private sectors, including the Speaker of the House of Representatives, Mr Femi Gbajabiamila and the Lagos State Governor, Mr Babajide Sanwo-Olu, who were both represented.


    NewsSourceCredit: NAN

  •  The Nigeria Deposit Insurance Corporation NDIC has bagged the Federal Government s level five platinum level organisation award for outstanding performance in good governance and financial accountability The assessment was done by the Bureau of Public Service Reform BPSR from Sept 2021 through the Bureau s Self Assessment Tool SAT initiative Presenting the award and report in Abuja on Tuesday Mr Boss Mustapha the Secretary to the Government of the Federation SGF said the assessment was drawn from the Federal Government s commitment to ensure improved service delivery in the public service Mustapha represented by Dr Habiba Lawal the Special Adviser to the President on Policy and Coordination congratulated the NDIC for accepting the assessment tool He enjoined all the federal Ministries Departments and Agencies MDAs to subject themselves to the assessment for improved performance and service delivery Dr Zainab Ahmed the Minister of Finance Budget and National Planning commended the NDIC for the achievements Ahmed represented by Mr Stephen Okon the Director Home Finance of the ministry said the appraisal should be constant to maintain the standards Analysing the SAT report the Director General of the BPSR Dr Dasuki Arabi said the Bureau assessed 10 pragmatic areas in the corporation Arabi said the areas assessed included performance management strategic plan budget procurement transparency and accountability among others He said the corporation scored 93 per cent in the assessment for high quality work and hard work by the staff It is worthy of note that NDIC is the first and only agency under the supervision of the Federal Ministry of Finance Budget and National Planning which has enthusiastically submitted itself to undergo the assessment The Bureau received a marching order in November 2019 to deploy the tool in all MDAs This is an outstanding pace NDIC has set our humble persuasion is for others to readily emulate it The introduction of SAT at this period to identify strengths and weaknesses of MDAs is a practical effort Public Service Institutions PSIs must key in to if they must redeem their usefulness and relevance This tool which has to its credit a United Nation Award is among the best innovation emanating from the Bureau to rank reposition and reengineer organisational performance for improved service delivery he said He advised the corporation to collaborate more with other agencies of government for effective service delivery Mr Bello Hassan the Managing Director of the NDIC said the SAP initiative would continue to assist the Corporation in evaluating its responsiveness to current government policies Hassan said the award and report would spur the corporation into doing more to achieve its targets We were highly elated for been rated platinum level but I think for us we have a culture of continuous process improvement so we are going to look at the report closely most especially on the recommendations We are going to improve on our weaknesses identified so that when next we are assessed we will do much better Hassan said The News Agency of Nigeria reports that the SAT report was presented to the corporation by the SGF NewsSourceCredit NAN
    NDIC bags FG’s award for good governance, financial accountability
     The Nigeria Deposit Insurance Corporation NDIC has bagged the Federal Government s level five platinum level organisation award for outstanding performance in good governance and financial accountability The assessment was done by the Bureau of Public Service Reform BPSR from Sept 2021 through the Bureau s Self Assessment Tool SAT initiative Presenting the award and report in Abuja on Tuesday Mr Boss Mustapha the Secretary to the Government of the Federation SGF said the assessment was drawn from the Federal Government s commitment to ensure improved service delivery in the public service Mustapha represented by Dr Habiba Lawal the Special Adviser to the President on Policy and Coordination congratulated the NDIC for accepting the assessment tool He enjoined all the federal Ministries Departments and Agencies MDAs to subject themselves to the assessment for improved performance and service delivery Dr Zainab Ahmed the Minister of Finance Budget and National Planning commended the NDIC for the achievements Ahmed represented by Mr Stephen Okon the Director Home Finance of the ministry said the appraisal should be constant to maintain the standards Analysing the SAT report the Director General of the BPSR Dr Dasuki Arabi said the Bureau assessed 10 pragmatic areas in the corporation Arabi said the areas assessed included performance management strategic plan budget procurement transparency and accountability among others He said the corporation scored 93 per cent in the assessment for high quality work and hard work by the staff It is worthy of note that NDIC is the first and only agency under the supervision of the Federal Ministry of Finance Budget and National Planning which has enthusiastically submitted itself to undergo the assessment The Bureau received a marching order in November 2019 to deploy the tool in all MDAs This is an outstanding pace NDIC has set our humble persuasion is for others to readily emulate it The introduction of SAT at this period to identify strengths and weaknesses of MDAs is a practical effort Public Service Institutions PSIs must key in to if they must redeem their usefulness and relevance This tool which has to its credit a United Nation Award is among the best innovation emanating from the Bureau to rank reposition and reengineer organisational performance for improved service delivery he said He advised the corporation to collaborate more with other agencies of government for effective service delivery Mr Bello Hassan the Managing Director of the NDIC said the SAP initiative would continue to assist the Corporation in evaluating its responsiveness to current government policies Hassan said the award and report would spur the corporation into doing more to achieve its targets We were highly elated for been rated platinum level but I think for us we have a culture of continuous process improvement so we are going to look at the report closely most especially on the recommendations We are going to improve on our weaknesses identified so that when next we are assessed we will do much better Hassan said The News Agency of Nigeria reports that the SAT report was presented to the corporation by the SGF NewsSourceCredit NAN
    NDIC bags FG’s award for good governance, financial accountability
    Economy5 months ago

    NDIC bags FG’s award for good governance, financial accountability

    The Nigeria Deposit Insurance Corporation (NDIC) has bagged the Federal Government’s ‘level five’ platinum level organisation award for outstanding performance in good governance and financial accountability.

    The assessment was done by the Bureau of Public Service Reform (BPSR) from Sept. 2021 through the Bureau’s Self-Assessment Tool (SAT) initiative.

    Presenting the award and report in Abuja on Tuesday, Mr Boss Mustapha, the Secretary to the Government of the Federation (SGF), said the assessment was drawn from the Federal Government’s commitment to ensure improved service delivery in the public service.

    Mustapha, represented by Dr Habiba Lawal, the Special Adviser to the President on Policy and Coordination, congratulated the NDIC for accepting the assessment tool.

    He enjoined all the federal Ministries, Departments and Agencies (MDAs) to subject themselves to the assessment for improved performance and service delivery.

    Dr Zainab Ahmed, the Minister of Finance, Budget and National Planning, commended the NDIC for the achievements.

    Ahmed, represented by Mr Stephen Okon, the Director, Home Finance of the ministry, said the appraisal should be constant to maintain the standards.

    Analysing the SAT report, the Director-General of the BPSR, Dr Dasuki Arabi, said the Bureau assessed 10 pragmatic areas in the corporation.

    Arabi said the areas assessed included performance management, strategic plan, budget, procurement, transparency and accountability, among others.

    He said the corporation scored 93 per cent in the assessment for high quality work and hard work by the staff.

    ”It is worthy of note that NDIC is the first and only agency under the supervision of the Federal Ministry of Finance, Budget and National Planning which has enthusiastically submitted itself to undergo the assessment.

    ”The Bureau received a marching order in November, 2019 to deploy the tool in all MDAs. ”This is an outstanding pace NDIC has set, our humble persuasion is for others to readily emulate it.

    ”The introduction of SAT at this period to identify strengths and weaknesses of MDAs is a practical effort Public Service Institutions (PSIs) must key-in to if they must redeem their usefulness and relevance.

    ”This tool, which has to its credit a United Nation Award, is among the best innovation emanating from the Bureau to rank, reposition and reengineer organisational performance for improved service delivery,” he said.

    He advised the corporation to collaborate more with other agencies of government for effective service delivery.

    Mr Bello Hassan, the Managing Director of the NDIC, said the SAP initiative would continue to assist the Corporation in evaluating its responsiveness to current government policies.

    Hassan said the award and report would spur the corporation into doing more to achieve its targets.

    ”We were highly elated for been rated platinum level, but I think for us we have a culture of continuous process improvement, so we are going to look at the report closely most especially on the recommendations.

    ”We are going to improve on our weaknesses identified so that when next we are assessed, we will do much better,” Hassan said.

    The News Agency of Nigeria reports that the SAT report was presented to the corporation by the SGF.


    NewsSourceCredit: NAN

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