NDIC, ICPC partner on zero tolerance on corruption

The Nigeria Deposit Insurance Corporation (NDIC) has zero tolerance for all forms of malpractices within the corporation and in all the initiatives it has taken to fully implement its mandate.

The Managing Director/Chief Executive of the Corporation, Umaru Ibrahim, made the remark during the inauguration of the re-constituted Anti-Corruption and Transparency Unit (ACTU) of the corporation by the Acting Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC) who was represented by the Head of Anti-Corruption and Transparency Unit, Mr. Justin Kuatsea.

A statement from the Head, Communication & Public Affairs, NDIC, M. K. Ibrahim, quoted the MD saying that based on its mandate and supervisory activities, NDIC is at the forefront of the fight against corruption through the enforcement of good corporate governance, transparency and accountability.

This is to minimise the risk of bank failure in order to protect depositors and ensure safety and soundness of the financial system, he said.

Responding, the Acting Chairman of ICPC, Alhaji Abdullahi Bako, said ACTU was created by the ICPC in 2001 in all government agencies to curb corrupt practices and to establish transparent processes and procedures in the public sector.