INTERNATIONAL SCHOOL OF DEPOSIT INSURANCE STUDIES

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SIMEON ABIODUN AWODUMILA

Mr. Simeon Abiodun Awodumila retired as an Assistant Director, Special Insured Institutions Department, Nigeria Deposit Insurance Corporation (NDIC) in December, 2012. He was a Lead Examiner for several years, responsible for the examination of many Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs).
Mr. Awodumila is a professional banker and also a bank Examiner with banking industry experience spanning over Twenty-Eight (28) years. He was an Associate of Chartered Institute of Bankers (ACIB) London, now a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN). He started his banking career in 1974 with the Cooperative Bank Limited (now Skye Bank Plc) before traveling to London to further his education in banking at the South-West London College, Tooting Broadway London in 1976. He joined one of the leading Merchant Banks in 1983, ICON Ltd (Merchant Bankers) after completing the NYSC program at First Bank of Nigeria Plc, Amunigun branch, Ibadan. At ICON, he rose to the position of Head of Loan Administration as a Manager. In 1994, he joined the Nigeria Deposit Insurance Corporation (NDIC) as a trainer at the Corporation’s Training Centre. He later became the Head of Risk Assets Department of liquidated banks at the Consolidation Centre

He attended various courses in Risk Management, Risk-based Supervision and Loan Analysis both locally and internationally. He also completed the part-time course work in Master in Banking and Finance (MBF) at the University of Lagos, in 2001,
He equipped and ready to facilitate and share practical experiences in the area of Deposit Insurance System (DIS) in Nigeria one of the safety-net put in place by the Federal Government to stabilize the Nigeria Banking Industry. In November, 2014, he was granted a practice license by the Chartered Institute of Bankers of Nigeria (CIBN) to enable him continue his contribution to the growth of the banking industry and the Nigerian economy at large.
In 2016, Mr Awodumila authored a book titled “Corporate Governance and Bank Examination in Nigeria – An Examiner’s Perspective. In 2017, he published his second book titled “Risk Asset and Non-Performing Loans (NPLs) Debacle in Nigeria – Causes, Effects and Resolutions”. In 2019, the third book titled “The Practice of Bank Liquidation in Nigeria” was published.
Mr. S. A. Awodumila, FCIB co-authored two (2) Study Packs for the Chartered Institute of Bankers of Nigeria (CIBN) on Banking Regulation and Supervision in 2017, and Central Banking and Deposit Insurance System (DIS) in 2020. He is also a member of the Accreditation Team for the Institute, charged with the responsibility of Accrediting Education Training Service Providers (ETSPs) in line with the Competency Framework in the Nigeria Banking Industry. He is also one of the Examiners handling Banking Regulation and Supervision course for the Institute. He is currently the Managing Consultant of Care Cross Nigeria Limited, a Banking and Finance Consultancy Outfit, based in Lagos. Mr. Awodumila has been consulting for the Financial Institutions Training Centre (FITC) since 2013.