By Tom Garba, Yola

To mark the World saving day, Nigeria deposit insurance corporation (NDIC) has trained Adamawa State Secondary schools students on financial Savings.

The Hundreds students were picked across ten schools of Yola South Local Government and were inculcated the habit of Money saving for precautionary reasons and future use.

The one day interactive meeting in Technical school Yola Assembly Hall also educated the students to understand the Mandate of NDIC.

The NDIC's Adamawa State Coordinator of World saving day, Regina Dimlong talked extensively on Mandates and operations of Nigeria Deposit Insurance

She enlightened the students on the NDIC's Mandate as Deposit Guarantee and Insurance agency, Banking liquidation of other commercial banks, Banking supervision and the monitoring agency of failure resolution of customers deposits.

Dimlong said the establishment of NDIC in 1988 and started operations in 1989 has ensure Banks have the financial stability not bankrupt in the interest of depositors.

She revealed that Central bank of Nigeria has pencilled down one hundred and seventy nine banks for lack of financial stability comprises of mortgage banks and others.

She said NDIC has closed down those bank and monies belonging to Depositors are currently being paid.

Dimlong interacted with the students to develop a habit of saving money because there is no cause of alarm as NDIC are up and doing to ensure safety in all depositors' money.

The NDIC Yola zonal Controller comprises of Borno, Adamawa, Taraba and Yobe, Victor Ndoma Egba while presenting a paper on "conquer your tomorrow through savings" as the theme of this year's World saving day.

Mr Ndoma said the program is NDIC routine activities of inculcating a habit for saving for tomorrow to the Younger generation.

He said NDIC established the event for the purpose of guiding Young Nigerians to start planning from today,and for their future.

He stressed that in case of bank failure nothing much Will be loss by depositors on their money in Commercial and primary mortgage banks.

Ndoma enlightened the students on the need to imbibe saving habits and focus on those basic needs like food, Cloths and shelter.

The Representative of the Honorable commissioner of Adamawa state Ministry of Education and Human development, Mr Garba Pella appreciated NDIC for doing what help Nigeria Youths on the aspect of financial management.

Mr Simnama Geoffrey who represented the commissioner said Adamawa state government are always ready to partner with NDIC in the area of financial management and enlightenment.