There’s Zero-tolerance for financial impropriety-NDIC tells staff
By Patience Ikpeme
The Nigeria Deposit Insurance Corporation (NDIC) says it will not tolerate any acts of financial impropriety from its staff.
Reacting to recent revelations that one its staff was mentioned in a multi million dollars cash hoarding encounter, the NDIC has vowed to investigate the matter and if found wanting, sanction the affected staff.
The NDIC in a statement issued and signed by Bashir Nuhu, Director, Communications and Public Affairs Department over the weekend, said its attention has been drawn to the media reports regarding allegations of financial impropriety involving one of its staff members.
The Corporation Bashir Nuhu said will assess “the veracity of the reported incident.
He equally pointed out that “the alleged transaction is unrelated to the operations of the Corporation”.
“Nonetheless, as a responsible Federal Institution, we are committed to uncovering the truth and addressing the matter in an appropriate manner” he added.
Bashir Nuhu disclosed that the Corporation’s preliminary investigations into the allegations, has revealed 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.
The NDIC spokesman noted that “during her tenure at the bank, she asserts that she was not involved in any improper financial transactions with anyone”.
The Corporation he said will however, “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 he said frowns at “any actions that contravene our core values, corporate culture, and code of conduct.
Which is why the Corporation maintains a zero-tolerance policy towards financial impropriety.
He emphasized that the NDIC is committed to upholding the highest ethical standards in corporate governance practices, which it has “cultivated over the past three decades of our existence in fulfilling our role of depositor protection and contributing to financial system stability”.
Earlier, a source at the ministry of finance where the other individual involved in the alleged $76 million cash hoarding scandal retired as Permanent Secretary, said “the Ministry of Finance had nothing to do with it”.
