By Stellamaries Amuwa, Abuja
The President of the Institute of Chartered Accountants of Nigeria (ICAN), Chief Davidson Chizuoke Alaribe has commended the Nigeria Deposit Insurance Corporation (NDIC) for its continuous compliance to the highest standards of integrity and transparency which is critical to the success of its financial system.
This was made known during a courtesy visit to the ICAN Governing Council to the NDIC Management in Abuja.
Chief Alaribe noted that NDIC has been recognised as a formidable organisation due to its commitment to compliance with standards of corporate governance, zero tolerance for corruption and effective internal control. Speaking further, he stated that the Corporation’s commitment has been recognised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) which awarded NDIC the top position in its 2023 Ethics and Integrity Compliance Scorecard.
While underscoring the relationship between his institute and NDIC, Chief Alaribe said ICAN has also established the ICAN accountability index to promote in key sectors of the economy, with focus on budget, credibility, asset and debt management.
Meanwhile, the Managing Director and Chief Executive Officer of NDIC, Bello Hassan congratulated Chief Alaribe on his appointment as the 60th President of ICAN. Hassan who is also a Fellow of the Institute described ICAN as a strategic stakeholder of the Corporation.
He reiterated the need for the Institute to ensure that its members uphold the highest value of integrity and professionalism in the discharge of their duties as auditors, as NDIC and the Central Bank of Nigeria continue to rely on their work as external auditors in their risk-base supervision of banks.
