NDIC and NJI Enhance Judicial Capacity on Banking Disputes

The National Judicial Institute (NJI) and Nigeria Deposit Insurance Corporation (NDIC) collaborated to conduct a seminar in Lekki, Lagos, focused on strengthening judicial capacity in handling disputes related to failed banks. The seminar aimed to enhance depositor protection and bolster public confidence in Nigeria's financial system.

Justice Babatunde Adejumo, the NJI Administrator, emphasized the importance of equipping judges with a deeper understanding of legal techniques surrounding bank liquidation. He noted that the impact of depositor losses extends beyond individual cases, affecting the country's image and discouraging business with financial institutions.

Justice Monica Dongban-Mensem, President of the Court of Appeal, commended the seminar as a vital program and acknowledged the collaborative efforts between NJI and NDIC. The seminar is part of a series of engagements designed to keep judges updated on changes in financial regulations and challenges faced by institutions.

Adejumo expressed confidence that these initiatives would improve judicial decisions in financial disputes.