August 24, 2026
By Babajide Komolafe & Onome Onyeme
The Nigeria Deposit Insurance Corporation (NDIC) has strengthened its procurement capacity as part of efforts to enhance efficiency, transparency and accountability in the discharge of its mandate amid ongoing reforms in the banking sector.
The Managing Director/Chief Executive Officer of NDIC, Mr. Thompson Oludare Sunday, stated this in Lagos at a three-day capacity development programme for senior management and executive staff of the Corporation, organised in collaboration with the Bureau of Public Procurement (BPP).
Speaking on the sidelines of the workshop, Sunday said procurement was integral to the Corporation’s operations, noting that NDIC required an efficient procurement system to effectively deliver on its responsibilities of deposit guarantee, resolution and liquidation of failed financial institutions, as well as prudential regulation and supervision of banks.
