Written by Sarah NEGEDU

NDIC, ICPC partners in fight against corruption

The Anti-Corruption and Transparency Unit, ACTU, of the Nigeria Deposit Insurance Corporation has been re-constituted to ensure good corporate governance, transparency, and accountability in the corporation.

The Managing Director and Chief Executive of the Corporation, Alh. Umaru Ibrahim said based on its mandate of ensuring safety and soundness of the financial system, the NDIC is at the forefront of the fight against corruption through the enforcement of good corporate governance and accountability to minimise the risk of bank failure in order to protect depositors.

Speaking during the inauguration of the ACTU by the Acting Chairman of the Independent Corrupt Practices and other related Offences Commission, Alh. Abdullahi Bako, the NDIC boss said the corporation has zero tolerance for all forms of malpractices within the corporation and in all the initiatives it has taken to fully implement its mandate.

He described the inauguration of the NDIC Anti-Corruption and Transparency Unit as good development that will 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.

The MD noted that the NDIC has been organising annual capacity building seminars for strategic stakeholders such as the ICPC, Economic and Financial Crimes Commission, Special Fraud Unit and Nigeria Financial Intelligence Unit of the Nigeria Police Force in the area of financial crime investigation. He also expressed the readiness of NDIC to sustain its participation in the capacity building programmes organised by the ICPC Training Academy.

Responding, the Acting Chairman of ICPC commended the corporation for its commitment to transparency and accountability in the discharge of its regulatory responsibilities.

The Head of Anti-Corruption and Transparency Unit of the ICPC, Mr. Justin Kuatsea, who represented the Chairman expressed hope that the inauguration of the unit would create synergy for effective collaboration between the two agencies.

Established in 2001, the ACTU was created by the ICPC to curb corrupt practices and to establish transparent processes and procedures in the public sector.

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