The Management of the Nigeria Deposit Insurance Corporation (NDIC) has said it maintains a zero-tolerance policy towards financial impropriety and any actions that contravene its core values, corporate culture, and code of conduct.
NDIC’s Director of Communications & Public Affairs Department, Bashir Nuhu, made this known in a statement on Sunday, June 25, 2023.
The Corporation made the clarification in response to the media report by the Peoples’ Gazette and Sahara Reporters regarding allegations of financial impropriety involving one of its staff members.
NDIC emphasized that while it is assessing the veracity of the reported incident, the alleged events were unrelated to its operations.
Nonetheless, it said, as a responsible Federal Institution, it is committed to uncovering the truth and addressing the matter in an appropriate manner.
The Corporation said, “following our preliminary investigations into the allegations, we have discovered that the staff member in question was previously employed at a commercial bank as an account officer to the Federal Government Official referenced in the report before joining the NDIC in 2017.
“It is important to note that during her tenure at the bank, she asserts that she was not involved in any improper financial transactions with anyone. However, we remain diligent in our pursuit of any contradictory information and will not hesitate to take appropriate action should it arise concerning the staff member involved.
“The NDIC maintains a zero-tolerance policy towards financial impropriety and any actions that contravene our core values, corporate culture, and code of conduct.
“We wish to emphasize that the NDIC is committed to upholding the highest ethical standards in our corporate governance practices, which we have diligently cultivated over the past three decades of our existence in fulfilling our role of depositor protection and contributing to financial system stability”, it said.