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NDIC inaugurates anti-corruption unit

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Nigeria Deposit Insurance Corporation (NDIC), as a key component of the Nigerian financial safety-net arrangement, has zero tolerance for corruption and all forms of malpractices within the Corporation and in the implementation of its mandate and activities.

NDIC’s Managing Director/Chief Executive, Umaru Ibrahim, restated the Corporation’s desire at the inauguration of the Anti-Corruption and Transparency Unit (ACTU), at the NDIC headquarters in Abuja.

Umaru, who was represented by the Executive Director Corporate Services, Omolola Abiola-Edewor, said the Corporation has established a culture of zero tolerance for corruption by implementing strict operational procedures, and guidelines, geared towards instilling transparency and accountability in the workplace.

In a statement, he described the inauguration of the new members to the Corporation’s ACTU as an extension of NDIC’s commitment towards maintaining high anti-corruption standards, which had been imbibed by the Corporation’s employees, and strengthened by the core values of honesty, respect and fairness, discipline, professionalism, teamwork and passion.

She added that the Unit had been involved in the preliminary investigation and collaboration with ICPC, sensitisation of members of staff, identification and improvement of internal controls to avert fraudulent practices through a thorough analysis of its systems, as well as by ensuring maximum compliance with its policies and procedures.

She concluded the inauguration of the new members further strengthens NDIC’s partnership with the ICPC and other government agencies involved in the anti-corruption fight towards promoting credible and effective service delivery in the public sector.

The Chairman of ICPC, who was represented by an Assistant Director and Head of ICPC Anti-Corruption Unit, Justin Kuatsea, said ACTU was created in ICPC in 2001, and established in other government agencies to curb corrupt practices as well as to implement transparent processes and procedures in the public sector.

He expressed the belief that the addition of new members to the unit would improve synergy and effective collaboration between the unit, NDIC and the ICPC, and commended the NDIC for its commitment to transparency and accountability both in its operations and in the banking sector.

Recall that the ACTU was established in the Corporation in 2006, and was reconstituted in 2018. The new members were therefore appointed into the Unit to replace the former members.

 


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