Would you like to receive notifications on latest updates of the following headlines?

NDIC Strengthens operational system with  anti-corruption and Transparency Unit

POSTED ON April 25, 2024 •   BUSINESS      BY Abiodun Saheed Omodara
Insurance Corporation (NDIC) l Credit: NDIC l Source: X

The Nigeria Deposits Insurance Corporation (NDIC) has inaugurated an Anti-Corruption and Transparency Unit (ACTU) at its headquarters in Abuja. 

Speaking at the inauguration which was conducted by officials of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Managing Director/Chief Executive, NDIC, Mr. Bello Hassan said the corporation has a culture of zero tolerance for corruption, which is further strengthened by its core values of teamwork, respect and fairness, integrity, professionalism, and passion. 

Represented by the Executive Director, Operations Mr. Mustapha M. Ibrahim, he said, the NDIC ACTU has strengthened the Corporation’s operational system through the implementation of various compliance measures to ensure ethics, integrity, transparency and accountability in the workplace. 

He explained that the specific measures include robust Internal Controls, regular Risk Assessments, and strict adherence to regulatory guidelines, and comprehensive training programs for employees. 

Hassan described the inauguration as a significant step in the Corporation’s ongoing commitment in the fight against corruption and enhances transparency.  He emphasised that NDIC Management remains committed to supporting ACTU activities, recognizing the unit’s critical role in ensuring the Corporation’s operations are conducted with integrity, free from corruption, and fostering public trust. 

The ICPC Chairman, Dr. Musa Adamu Aliyu who was represented by ICPC Acting Director System Study and Review, Mr. Olusegun Adigun, praised NDIC Management for their dedication and active support in establishing and advancing the activities of the ACTU to address corruption issues and foster ethical practices. 

He applauded the efficiency and diligence of the NDIC ACTU in fulfilling its mandate, resulting in the Corporation retaining the first position for two consecutive years on the annual ICPC Ethics and Integrity Compliance Scorecard. 

He urged the new ACTU members to see their nomination as an opportunity to build on the good legacies of the previous members and to complement Management’s efforts in promoting the core values of the Corporation through their assigned duties.

READ ALSO
Dangote Advocates Affordable Housing Solutions at Africa International Housing Show
BY Abiodun Saheed Omodara August 1, 2025 0

Dangote Cement Plc has urged stakeholders in Nigeria's housing sector to adopt affordable mass housi...

READ ALSO
NOGASA Warns of Nationwide Disruptions as Dangote Refinery Plans Direct Supply to Consumers
BY Abiodun Saheed Omodara August 1, 2025 0

The Natural Oil and Gas Suppliers Association of Nigeria has issued a warning regarding the Dangote...

READ ALSO
NBS Reports Surge in Cooking Gas and Kerosene Prices across Nigeria
BY Abiodun Saheed Omodara July 31, 2025 0

The National Bureau of Statistics (NBS) has announced a rise in the average costs of cooking gas and...

READ ALSO
FG to Raise N796bn Annually from New 5% Petrol Surcharge
BY Abiodun Saheed Omodara July 31, 2025 0

The Federal Government is expected to generate N796bn annually from the implementation of a five per...

READ ALSO
Business Owners in Abuja Raise Alarm over Rising Operational Costs and Falling Sales
BY Abiodun Saheed Omodara July 30, 2025 0

Business owners in the Federal Capital Territory have voiced their worries about the escalating cost...

READ ALSO
33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...

READ ALSO
Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...

READ ALSO
NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...

OUR CHANNELS:

PDP Announces Schedule for National Convention: Revealed Key Dates
BY Abiodun Saheed Omodara August 4, 2025 0

The National Working Committee (NWC) of the People’s Democratic Party (PDP) has announced its...


Tinubu's Spokesperson Accuses Peter Obi of Dishonesty Over Political Promises
BY Abiodun Saheed Omodara August 4, 2025 0

The spokesperson for President Bola Tinubu, Bayo Onanuga, has accused Peter Obi, a former governor o...


Weather Alert: NiMet Cautions against Flash Floods in Northern and Southern Regions
BY Abiodun Saheed Omodara August 4, 2025 0

The Nigerian Meteorological Agency (NiMet) has projected rain and thunderstorms nationwide from Mond...


LG Chairman Champions Seyi Tinubu for Lagos Governorship
BY Abiodun Saheed Omodara August 4, 2025 0

In the quest for a successor to Lagos State Governor Babajide Sanwo-Olu, the chairman of Oshodi-Isol...


Military Dismantles Drug Cartels, Arrests Suspects
BY Abiodun Saheed Omodara August 4, 2025 0

Military officials at the Jaji Military Cantonment in Kaduna State have declared the dismantling of...


Historic Leap for Education: Federal Polytechnic Ilaro Elevated to University Status
BY Abiodun Saheed Omodara August 4, 2025 0

The Olu of Ilaro and the paramount ruler of Yewaland, Oba Kehinde Olugbenle, has praised President B...


SERAP Demands Immediate Reopening of Badeggi FM Amid Claims of Gov. Censorship
BY Abiodun Saheed Omodara August 4, 2025 0

The Socio-Economic Rights and Accountability Project (SERAP) has given Governor Umar Bago of Niger S...


Northern Ex-Lawmakers Divided Over Tinubu's 2027 Re-Election Bid
BY Abiodun Saheed Omodara August 3, 2025 0

Former federal lawmakers from northern Nigeria are sharply divided over President Bola Tinubu’...


SERAP Raises Alarm Over Public Officials' Lack of Accountability
BY Abiodun Saheed Omodara August 3, 2025 0

The Socio-Economic Rights and Accountability Project (SERAP) expressed its concerns on Saturday rega...


Tinubu Calls for Enhanced Regional Integration to Boost West Africa's Economic Competitiveness
BY Abiodun Saheed Omodara August 5, 2025 0

President Bola Tinubu has highlighted the crucial need for enhanced regional integration throughout...


More Articles

Load more...

Menu