NDIC has zero tolerance for corruption – Managing Director

NDIC has zero tolerance for corruption – Managing Director

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC) Umaru Ibrahim has said that the corporation as a major component of Nigeria’s financial safety-net arrangement does not tolerate any form of corruption or malpractice.

Ibrahim made the assertion on Tuesday, during the inauguration of four new members of the NDIC Anti-Corruption and Transparency Unit (ACTU) by the chairman of the Independent Corrupt Practices and other Related Offences Commission (ICPC).

The Managing Director who was represented by the NDIC Executive Director Corporate Services, Hon. Omolola Abiola-Edewor said the Corporation has established a culture of zero tolerance for corruption by implementing strict operational procedures and guidelines that are geared towards instilling transparency and accountability in the work place.

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

Ibrahim added that ACTU of the NDIC had been involved in the preliminary investigation and collaboration with ICPC, sensitization of the Corporation’s members of staff, identification and improvement of internal controls to avert fraudulent practices through the thorough analysis of its systems, as well as by ensuring maximum compliance with its policies and procedures.

According to him, the inauguration of the new members further strengthened the Corporation’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.

In his remarks, the ICPC boss represented by an Assistant Director and Head of ICPC Anti-Corruption Unit, Mr 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.

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

Comment With Facebook

Comments (167)

  1. Your means of telling the whole thing in this paragraph is actually nice, every one be able to easily know it, Thanks a lot.|

  2. What’s up i am kavin, its my first time to commenting anywhere, when i read this article i thought i could also make comment due to this brilliant article.|

  3. Touche. Great arguments. Keep up the great work.|

  4. Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how can we communicate?|

  5. Hi for you. My name is Magali. Administering databases is the I earn a living but I plan on changing the following. For years I’ve been dwelling in California. My friends say it is not good for me personally but a few things i love doing is to read comics however i struggle to discover time sell. He’s been working on his website for your time now. Investigate it here: #link#

  6. I am curious to find out what blog platform you happen to be working with? I’m having some small security problems with my latest site and I would like to find something more secure. Do you have any recommendations?|

  7. Thanks for sharing such a nice thinking, article is nice, thats why i have read it completely|

  8. Do you mind if I quote a few of your articles as long as I provide credit and sources back to your website? My website is in the very same niche as yours and my users would really benefit from a lot of the information you provide here. Please let me know if this okay with you. Cheers!|

  9. I wanted to thank you for this fantastic read!! I certainly loved every little bit of it. I have got you bookmarked to look at new things you post…|

  10. Hmm is anyone else encountering problems with the images on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.|

  11. After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.

  12. I am curious to find out what blog platform you happen to be using? I’m having some small security issues with my latest blog and I’d like to find something more safeguarded. Do you have any suggestions?|

  13. Hello! This post couldn’t be written any better! Reading through this post reminds me of my good old room mate! He always kept chatting about this. I will forward this page to him. Pretty sure he will have a good read. Thank you for sharing!|

  14. Having read this I believed it was really enlightening. I appreciate you taking the time and effort to put this article together. I once again find myself personally spending way too much time both reading and commenting. But so what, it was still worthwhile!|

  15. I read this post completely concerning the difference of newest and earlier technologies, it’s amazing article.|

  16. Everything is very open with a clear clarification of the issues. It was truly informative. Your website is extremely helpful. Thanks for sharing!

  17. I’m impressed, I must say. Seldom do I come across a blog that’s equally educative and engaging, and without a doubt, you’ve hit the nail on the head. The issue is something not enough people are speaking intelligently about. I am very happy I found this in my search for something relating to this.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.