FITC was established in 1981 as a Limited by Guarantee not for profit professional services organisation, based on the Company’s Act of 1968. It was created in response to the recommendations of the Pius Okigbo Committee, which was set-up by the Federal Government of Nigeria in 1976, to review the Nigerian financial system. FITC’s Institutional Members are members of the Nigerian Banker’s Committee, comprises of the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation and all licensed banks in Nigeria.
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FITC is a world-class, innovation-led, and technology-driven knowledge organization, established in 1981 as a non-profit organisation limited by guarantee, based on the Company’s Act of 1968, in response to the recommendations of the Pius Okigbo Committee. The Committee was set up by the Federal Government of Nigeria to review the Nigerian financial system. FITC was established to provide innovative knowledge solutions and capacity building programmes that develop and strengthens resources for the Nigerian financial services sector through Advisory services, Learning, Research and Advocacy.
FITC is owned by the Banker's Committee, which comprises of the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC), all licensed banks, and discount houses in Nigeria.