NDIC has Zero Tolerance for Corruption
The Nigeria Deposit Insurance Corporation (NDIC) has zero tolerance for malpractice, its Managing Director/Chief Executive, Umaru Ibrahim, has said.
He spoke during the inauguration of the re-constituted coporation’s Anti-Corruption and Transparency Unit (ACTU) by the Acting Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Abdullahi Bako.
Ibrahim, represented by the Head of Anti-Corruption and Transparency Unit, Mr. Justin Kuatsea, said the NDIC is at the forefront of the fight against corruption through the enforcement of good corporate governance, transparency and accountability to minimise the risk of bank failure to protect depositors and ensure safety and soundness of the financial system.
He described the inauguration of the NDIC Anti-Corruption and Transparency Unit (ACTU) as good development as it would further strengthen the corporation’s resolve and its partnership with other government agencies involved in the anti-corruption fight towards promoting credible and effective service delivery in the public sector.
Ibrahim further noted that the NDIC has been organising seminars in financial crime investigation for strategic stakeholders, such as the ICPC, Economic and Financial Crimes Commission (EFCC), Special Fraud Unit and Nigeria Financial Intelligence Unit of the Nigeria Police Force.
He expressed the readiness of NDIC to sustain its participation in the capacity building programmes organised by the ICPC Training Academy.
Bako said ACTU was created by the ICPC in 2001 in all government agencies to curb corrupt practices and to establish transparent processes and procedures in the public sector.
He commended the NDIC for its commitment to transparency and accountability. He added that the inauguration of the unit would create a synergy for effective collaboration between the two agencies.
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