NDIC Urges ICAN to Include Deposit Insurance in Curriculum
By Patience Ikpeme
The Nigeria Deposit Insurance Corporation (NDIC) has called on the Institute of Chartered Accountants of Nigeria (ICAN) to integrate a Deposit Insurance module into its examination curriculum. This appeal was made by the Managing Director and Chief Executive Officer of NDIC, Mr. Bello Hassan, during a courtesy visit by ICAN President, Chief Davidson Chizuoke S. Alaribe, and his team to the NDIC headquarters in Abuja over the weekend.
Mr. Hassan noted the importance of the Deposit Insurance module in enhancing the understanding of the Deposit Insurance Scheme among ICAN members, many of whom serve as potential bankers and bank examiners.
He reiterated the NDIC’s commitment to strengthening its partnership with ICAN to promote the stability of Nigeria’s banking sector and financial system.
Stressing the role of integrity in financial operations, Hassan urged ICAN members to uphold the highest professional and ethical standards in their duties as auditors. He noted that both the NDIC and the Central Bank of Nigeria (CBN) rely on the quality of external auditors’ work in their risk-based supervision of banks.
ICAN President, Chief Davidson Chizuoke S. Alaribe, praised the NDIC for its dedication to transparency and integrity, which he described as crucial to safeguarding depositors’ funds and ensuring financial system stability.
Chief Alaribe commended NDIC’s exemplary adherence to corporate governance and zero tolerance for corruption, citing the recognition it received from the Independent Corrupt Practices and Other Related Offences Commission (ICPC). In 2023, the ICPC ranked NDIC first in its Ethics and Integrity Compliance Scorecard (EICS).
Chief Alaribe also underscored ICAN’s commitment to fostering accountability across key sectors of the economy. He noted the introduction of the ICAN Accountability Index, which focuses on budget credibility, asset and debt management, and overall integrity in economic governance.
