The Nigeria Deposit Insurance Corporation (NDIC) has suggested an exciting new idea to strengthen the country’s financial system.
The Managing Director of NDIC, Bello Hassan, believes that adding a Deposit Insurance module to the Institute of Chartered Accountants of Nigeria’s (ICAN) curriculum would be a game-changer.
Hassan, who is a Fellow of ICAN, proposed this during a visit by the ICAN Governing Council to the NDIC headquarters in Abuja.
He explained that this initiative would not only enhance the understanding of deposit insurance but also strengthen the relationship between NDIC and ICAN.
Hassan stressed that ICAN members, as auditors, play a key role in upholding the integrity and professionalism needed for the country’s financial stability.
Both the NDIC and the Central Bank of Nigeria (CBN) depend on the work of auditors to support their supervision of banks.
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With this in mind, he reassured ICAN leaders that NDIC is committed to working closely together for a more secure banking sector.
In response, ICAN President Davidson Chizuoke Alaribe praised NDIC for its dedication to transparency and integrity.
He commended the Corporation for its strict anti-corruption stance and highlighted its ranking as the top institution in ethics by the Independent Corrupt Practices Commission (ICPC) in 2023.
Furthermore, Alaribe pointed out ICAN’s efforts to promote accountability through the ICAN Accountability Index, which aligns with NDIC’s vision of ensuring sound financial practices across Nigeria.
