NDIC strengthens anti-corruption measures with inauguration of ACTU

The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its unwavering commitment to combating corruption by inaugurating its Anti-Corruption and Transparency Unit (ACTU).

The ceremony, held at the NDIC headquarters in Abuja, marks a significant step in the corporation’s ongoing efforts to foster integrity, transparency, and accountability in its operations.

During the inauguration, Bello Hassan, managing director/Chief Executive Officer of NDIC, reiterated the corporation’s stance of zero tolerance for corruption. Emphasizing the importance of core values such as teamwork, respect, fairness, integrity, professionalism, and passion, Hassan highlighted the role of the newly established ACTU in strengthening the corporation’s operational framework. He outlined various compliance measures implemented by the ACTU, including robust internal controls, regular risk assessments, adherence to regulatory guidelines, and comprehensive employee training programs.

Hassan underscored the inauguration as a significant milestone in NDIC’s ongoing commitment to combating corruption and enhancing transparency. He pledged the management’s continuous support for ACTU activities, recognizing the unit’s pivotal role in ensuring ethical conduct and fostering public trust.

Musa Adamu Aliyu, Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), commended NDIC management for their dedication and active support in establishing and advancing ACTU’s activities. Aliyu praised the efficiency and diligence of NDIC ACTU in fulfilling its mandate, leading to 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 build on previous achievements and complement management’s efforts in promoting the corporation’s core values.

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Ten staff members were sworn in as members of the NDIC ACTU during the inauguration. Their responsibilities include sensitizing staff against corruption, conducting system studies and reviews, monitoring budget implementation, coordinating whistleblowing platforms, and identifying outstanding staff members.

The ceremony saw the exchange of research publications between NDIC executive director, operations Mustapha M. Ibrahim, and ICPC acting director system study and review, Olusegun Adigun. It also featured the oath-taking ceremony led by Adebimpe Abodunrin, a lawyer where Bashir Mande was sworn in as Chairman of the NDIC Anti-Corruption and Transparency Unit, alongside ten other staff members.

In attendance were NDIC and ICPC officials, including NDIC director enterprise risk management department, Amal Haruna, NDIC director internal audit department, Idongesit Essien, ICPC assistant director, Mutiat Musa, and ICPC Desk Officer overseeing the NDIC, Adebimpe Abodunrin, a lawyer.

The inauguration signifies NDIC’s unwavering commitment to upholding the highest standards of integrity and accountability in its operations, setting a precedent for ethical practices within the financial sector.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.