RismadarVoice Reporters
January 23, 2026
Nigeria Deposit Insurance Corporation (NDIC) has called for enhanced collaboration with the Economic and Financial Crimes Commission (EFCC) to strengthen the pursuit of its statutory mandate, improve financial system stability.
The call was made on Friday, January 23, 2026, when the Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Oludare Sunday, led a management team on a courtesy visit to the Executive Chairman of the EFCC, Mr. Ola Olukoyede, in Abuja.
Speaking during the visit, Sunday said the engagement provided an opportunity to deepen institutional cooperation between both agencies.
“We aim to further strengthen our collaboration, deepen institutional synergy, and explore additional avenues for mutual support in the pursuit of national financial system stability. The EFCC has been our partner, and we want this to continue. We look forward to an expanded and more impactful partnership between our two esteemed institutions,” he said.
He noted that the NDIC intends to leverage the EFCC’s technical expertise in asset tracing, recovery, and management, particularly in cases involving debtors of banks in liquidation.
“Your experience has and will continue to greatly enhance our recovery efforts. Additionally, we have a strategic responsibility for prosecuting individuals whose actions contribute to the failure of banks. We therefore seek closer collaboration with the Commission in this critical area,” Sunday added.
In his response, EFCC Chairman Ola Olukoyede described the relationship between both agencies as longstanding and mutually beneficial, pledging to further strengthen the partnership.
He said the NDIC and EFCC had worked closely over the years, with the EFCC supporting the NDIC in investigations, while the NDIC had assisted the EFCC in training initiatives.
“There has been this mutually beneficial relationship between NDIC and EFCC, and we never intend to stop. We will continue to take it to a higher level and further strengthen it,” Olukoyede said.
Speaking on the future direction of the collaboration, the EFCC chairman said his leadership was committed to using the anti-corruption mandate to stimulate the Nigerian economy and strengthen institutional capacity across government agencies.
“One of the things I promised when was to use the instrumentality of this work to stimulate the economy, not just to make noise all over the place. We want to strengthen the internal processes of entities that are doing well and design fraud risk assessments for them,” he said.
Olukoyede explained that this approach led to the creation of a Fraud Risk Assessment and Control Department, aimed at preventing financial crimes before they occur.
“We do not always have to wait for money to be stolen. Let us work with stakeholders to fine-tune our systems and clean up our financial ecosystem. NDIC is a key player in that effort, and we are always willing to collaborate,” he added.
