The National Judicial Institute and the Nigeria Deposit Insurance Corporation on Monday convened a sensitization seminar for Justices of the Court of Appeal in Lagos, aimed at strengthening judicial capacity in bank liquidation matters and enhancing depositor protection within Nigeria’s financial system.
The seminar, held in Lekki, Lagos, focused on how the judiciary can better respond to disputes arising from failed banks and ensure that judicial decisions support financial stability and public confidence in Nigeria’s banking system. The seminar was themed “Enhancing the Efficacy of Bank Liquidation and Depositors’ Protection.”
Speaking at the event, the Administrator of the NJI, Justice Babatunde Adejumo, said the programme was designed to equip appellate justices with deeper knowledge of the legal and technical issues surrounding bank liquidation.
He said confidence remains the foundation of every banking system and warned that when depositors lose their funds due to bank failures, the effect goes beyond individual losses.
According to Adejumo, judges handling financial sector disputes must understand not only the law but also the operational realities of the banking system. “Judges must know how the laws operate, how the technical aspects are handled by bankers, and the concerns of depositors when things go wrong,” he said.