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Nigerian Deposit Insurance Corporation Vows Never to Tolerate Corruption

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The NDIC vows to take their zero-tolerance stands against any form of corruption and all other
malpractices

According to Umaru Ibrahim, who is the MD/ Chief Executive of NDIC, the corporation has taken up the culture of no tolerance for corruption. His representative Hon presents this information. Omolola Abiola-Edewor who is an NDIC Executive Director at the inauguration of their newest four members.

The four members are inaugurated to the NDIC ACTU (Anti-Corruption and Transparency Unit)by the ICPC {Independent Corrupt Practices and other Related Offences Commission} chairman in Abuja. It is at this event that Umaru Ibrahim made it public that they are implementing strict guidelines and operational procedures to instil accountability and transparency within the workplace.

According to him, the four member’s inauguration into the ACTU is an extension of the corporation’s commitment towards sustaining their zero corruption tolerance. Also, the corporation made sure that all their employees have imbibed the high-standard of anti-corruption. This standard is also strengthened by passion, teamwork, professionalism, discipline, fairness, respect, and honesty.

What Led to This Declaration

According to Umaru Ibrahim’s statement, the NDIC & ACTU is collaborating with ICPC in conducting preliminary investigations. They are also sensitizing the corporation’s staff members about internal controls improvement and identification. That is the best action to prevent fraudulent activities as well as ensure ultimate compliance with the procedures and policies of the system.

In conclusion, he stated that this inauguration increased the strength of the NDIC and ICPC partnership as well as other government agencies connected to this zero tolerance to corruption fight. According to him, they are also promoting effective and credible service provision within the public sector.

Response to the Declaration

The Head of ICPC Anti-Corruption Unit as well as an Assistant Director, Mr Justin Kuatsea represented the ICPC Chairman in the inauguration. He states that the ACTU arm of ICPC was established in 2001 and reconstituted in 2018.

Also, it is created in other governmental Agencies at the same time. Their aim for such a venture is to stop the corrupt activities and executing transparent procedures and processes within the public sector. He believes that this inauguration of new members into their unit will bring improvement to effective collaboration and synergy between ICPC and NDIC. Overall, he commended NDIC on their commitment to accountability and transparency within their banking sector and operations.

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