We’ve zero tolerance for financial impropriety, says NDIC

Nigeria Deposit Insurance Corporation (NDIC) has stressed it has zero tolerance for financial impropriety and professional misconduct.

The commission, through a statement by Director of Communications and Public Affairs, Bashir Nuhu, noted although the alleged events are unrelated to its operations, it is committed to uncovering the truth and addressing the matter appropriately.

It said: “The attention of management of NDIC has been drawn to the media report by People’s Gazzette and Sahara Reporters regarding allegations of financial impropriety involving one of our staff.

“We would like to emphasise that while we are assessing the veracity of the report, the alleged events are unrelated to the operations of the corporation. Nonetheless, as a responsible institution, we are committed to uncovering the truth and addressing the matter appropriately.

“Following our preliminary investigations, we have discovered the staff in question was previously employed at a commercial bank as an account officer to the Federal Government official referenced in the report before joining NDIC in 2017.

“It is important to note that during her tenure at the bank, she asserts 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 emphasise 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.”