The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has been appointed the International Association of Deposit Insurers, African Regional Committee (IADI-ARC) Vice Chairperson.
Hassan’s appointment was announced at the Association’s Annual General Meeting (AGM) recently in Dakar, Senegal.
The International Association of Deposit Insurers (IADI) was formed in May 2002 as the global standard-setting body for deposit insurance systems.
The Association is also a forum for knowledge and experience sharing through international conferences, workshops, attachments and other capacity building programmes as well as research and guidance on matters relating to deposit insurance for its members.
In a statement announcing Hassan’s appointment, the Association said in furtherance of its objectives, it has developed core principles, standards and guidelines to enhance effectiveness of the deposit insurance systems in various jurisdictions.
The NDIC MD was first elected into the IADI Executive Council (EXCO) in October last year during its Annual General Meeting (AGM) held in Buenos Aires, Argentina.
The IADI EXCO is the governing body of the Association that ensures the smooth functioning of its affairs.
The IADI-ARC leadership said the appointment of Hassan into the Association’s EXCO by its General Assembly and their collective decision to appoint him as the IADI-ARC Vice-Chairperson were all in recognition of his outstanding contributions, commitment, and leadership role in deepening deposit insurance practice in Africa in particular and the world in general.
