Davidson Alaribe, president of the Institute of Chartered Accountants of Nigeria (ICAN), has congratulated the Nigeria Deposit Insurance Corporation (NDIC) for maintaining the highest levels of integrity and transparency.
Speaking during the ICAN Governing Council’s courtesy visit to the NDIC Management in Abuja, Alaribe stated that honesty and transparency are crucial to the corporation’s operations in protecting depositors’ funds and guaranteeing the financial system’s stability.
He observed that the NDIC has been acknowledged as a formidable corporation due to its dedication to corporate governance standards, zero tolerance for corruption, and effective internal controls.
He further stated that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recognized the Corporation’s commitment, awarding NDIC first place in its 2023 Ethics and Integrity Compliance Scorecard.
Alaribe emphasized the relationship between his Institute and the NDIC, revealing that ICAN has also produced the ICAN Accountability Index to enhance integrity in critical sectors of the economy, with a focus on budget, credibility, asset, and debt management.
In his remarks, NDIC’s managing director and CEO, Bello Hassan, congratulated Alaribe on his appointment as ICAN’s 60th President. Hassan identified ICAN as a strategic stakeholder for the Corporation.
He emphasized the importance of the Institute ensuring its members uphold the highest values of integrity and professionalism in carrying out their duties as auditors, as the NDIC and the Central Bank of Nigeria (CBN) continue to rely on their work as external auditors in risk-based bank supervision.
