March 3, 2024

NDIC Boss Lauds ICPC for Reducing Corruption in Public Sector

The Managing Director and Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has commended the Anti-Corruption and Transparency Units (ACTUs) set up by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Ministries, Departments and Agencies for reducing corruption in public sector institutions.

Hassan, who gave the commendation at the inauguration and induction of the reconstituted ACTU of the corporation, following the retirement and expiration of tenure of the old members, stated that ICPC has continued to give impetus to the current administration in the war against graft and other forms of corruption. 

In a statement signed by ICPC spokesperson, Mrs. Azuka Ogugua, NDIC MD encouraged ICPC not to rest on its oars, as NDIC is ever ready to collaborate with it.

Hassan stressed that corruption had become a global concern, saying that it destroyed rule of law, caused political instability, retarded social development and eroded public trust in governance, adding that all hands need to be on deck to tackle the menace of corruption.

The NDIC boss noted that the NDIC ACTU had engaged in preliminary investigation and through system study ensured compliance to policies by all staff of the corporation.

He added that the inauguration would not only go a long way in strengthening the system, processes and procedures to continue to prevent corruption within the corporation, but will also, in no small measure, support the Federal Government’s National Anti-Corruption Strategy, which was launched by the Federal Executive Council on July 5, 2017.

In his goodwill message, ICPC Chairman, Prof. Bolaji Owasanoye (SAN), described NDIC ACTU as a source of pride to the ICPC in view of its activities and achievement, which included sensitisation of staff and system study and review of the corporation’s processes.

The chairman, who was represented by the Director in charge of System Study and Review Department, Mr. Abba Udofia, urged the management of NDIC to sustain the legacy, which according to him, promotes transparency and accountability in their operations and systems.x

He highlighted the duties of ACTUs to include examination of systems, processes and procedures that are prone to corruption; developing and reviewing a code of ethics for staff and ensuring compliance with same; monitoring budget implementation of the Corporation; implementing the Ethics and Integrity Compliance Scorecard; and undertaking preliminary investigations into complaints and reports received, amongst others.
He, therefore, advised the newly appointed members of ACTU to be responsible and responsive in the exercise of their functions and avoid questionable acts, given the strategic role they are expected to play.

Remember, he who comes to equity must come with clean hands, he warned.
In her acceptance speech, the newly sworn-in chairperson of the Unit, Margaret Iveren Anyira, Assistant Director, and Internal Audit Department of the Corporation expressed appreciation to the management of NDIC and ICPC for placing faith and honour in them.
“We will carry out this assignment with dedication and great passion, while standing on integrity, which is one of the core values of the corporation,” she pledged.

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