The Nigeria DepositInsurance Corporation, NDIC has appealed for increased collaboration with the judiciary in order to overcome outstanding legal hurdles to deposit insurance in the country.
Speaking at a sensitization seminar for Judges of The Federal High Court in Lagos, Acting Managing Director/Chief Executive, NDIC, Mrs. Emily Osuji, said that the corporation is still faced with some legal challenges in spite of achievements recorded in the discharge of its mandate as sole deposit insurer and liquidator.
According to Osuju, the seminar is one of the many initiatives of the Corporation designed to improve public awareness initiatives and frequently engage the judiciary as critical stakeholders with the aim of addressing some of the identified challenges.
The challenges, she said include long judicial proceedings and execution of judgment against assets of the Corporation for liability of banks in liquidation.
