Honourable Justice Salisu Garba Abdullahi, Administrator of the National Judicial Institute (NJI), has called on judges of the Federal High Court to deepen their role in safeguarding Nigeria’s financial system through effective adjudication of financial disputes.
Speaking at the opening ceremony of the 2025 NDIC – Judiciary Sensitization Seminar on Effective Regulatory and Adjudicatory Practices on Deposit Insurance, Justice Abdullahi said judicial decisions remain central to reinforcing public confidence in the banking sector. The seminar, held at Legend Lagos Hotel (Curio Collection by Hilton), Ikeja, was jointly organized by the NJI and the Nigeria Deposit Insurance Corporation (NDIC).
“This seminar represents a crucial step in advancing a resilient, transparent, and well-regulated financial ecosystem anchored in sound legal principles,” Justice Abdullahi stated. He emphasized that judicial interpretation of financial laws directly impacts depositor confidence, investor protection, and the overall stability of Nigeria’s banking system.
With the theme “Strengthening Adjudication and Depositor Confidence in the Banking System,” the event focused on equipping judges with the technical knowledge required to handle complex financial cases, particularly those involving deposit insurance.
According to Justice Abdullahi, the NJI remains committed to its statutory mandate of providing continuous judicial education and enhancing the capacity of judicial officers across all cadres. He stressed the need for judges to stay abreast of emerging legal and regulatory frameworks, especially in light of Nigeria’s evolving financial sector.
“The courts play a key role in shaping legal precedents that affect regulatory enforcement and institutional confidence,” he noted. “Their judgments have far-reaching implications for economic stability.”
He commended the NDIC for its work in supervising financial institutions and protecting depositors’ funds, adding that the corporation’s regulatory efforts must be supported by a knowledgeable and responsive judiciary.
The seminar also served as a platform for dialogue between judicial officers, financial regulators, and legal experts on global best practices and current trends in financial adjudication. Discussions focused on strengthening deposit insurance mechanisms, legal interpretation of financial disputes, and strategies for responding to systemic financial risks.
Justice Abdullahi expressed gratitude to the resource persons, discussants, and moderators for their contributions to the seminar, describing their expertise as critical to enriching judicial understanding of complex financial issues.
As Nigeria’s financial sector continues to expand and evolve, Justice Abdullahi said the judiciary must rise to meet new challenges through informed interpretation of the law. “It is imperative for our judges to not only understand the technicalities of financial law but also the broader economic consequences of their rulings,” he said.
The 2025 seminar reflects an ongoing effort by the NJI and NDIC to align the judiciary with national economic goals, ensuring that the justice system supports a stable, credible, and investor-friendly financial environment.
Stay informed, stay ahead with The Ameh News
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
