The Nigeria Deposit Insurance Corporation (NDIC) has organised a stakeholders meeting for the business community in Kano State, as part of efforts to enlighten bank customers and other consumers of financial services on their rights.
The Managing Director of the NDIC Umar Ibrahim said Nigeria is in dire need of a positive attitude to revamp the economy in which customer protection will help promote financial stability in the country.
The aim of the town hall meeting, conceived to address the concerns and expectations of depositors especially small depositors who may lack or have limited capacity to fight for their rights in the complex financial system of modern banking.
A representative of the Central Bank of Nigeria, (CBN) Tijani Zakirai said the Apex Bank has been working with the NDIC and other stakeholders in the effective mobilization of bank customers across the country, but the lack of a sustained sensitization and enlightenment program remains a major hindrance to the country’s financial inclusion.
Meanwhile, traders and many other members of the Kano business community raised various financial and business questions why the regulatory authorities offered advises.
While the NDIC promises to sustain the program on annual basis, most people in hope to see more of this gathering for strong and effective financial system in the country.