ICPC Ethics Compliance Scorecard : NDIC Emerges Overall Best

Edited By Umbwanko Baba

The Nigeria Deposit Insurance Corporation, NDIC, has again demonstrated its unwavering commitment to high ethical standards and compliance with anti-corruption laws and regulations, as it  secures the top position in the Independent Corrupt Practices and Other Related Offences Commission, ICPC, 2023 Ethics and Integrity Compliance Scorecard, EICS.

This marks the second time that NDIC has taken the prestigious first place, previously having been ranked first in the 2021 EICS.ICPC’s Ethics and Integrity Compliance Scorecard, EICS is an annual assessment tool designed to evaluate Ministries, Departments, and Agencies, MDAs in Nigeria for their adherence to institutional ethics and integrity requirements.

A statement by the Director Communication and Public Relations, NDIC, Mr Bashir Nuhu explains that the assessment encompasses the measurement and monitoring of key performance indicators in categories such as Management Culture and Structure, Financial Management Systems, and Administrative Systems. In the 2023 EICS, which took place between March and July 2023 and involved 404 MDAs, the NDIC excelled with a score of 91.30%.

EICS report emphasizes ICPC’s commitment to mitigating the abuse of office and corruption by promoting ethics and integrity benchmarks within government agencies, ultimately contributing to more effective service delivery.

The statement notes that NDIC’s consistent first-place ranking is a testimony to the Corporation’s zero tolerance policy for corruption and benchmarking its operations with standard best practices.

In September this year the Corporation earned three ISO Certifications having complied with the requirements following a rigorous audit by MSECB, a leading international provider of Audit and Certification services.

According to the statement, the achievements have been possible due to the  Corporation’s effective and ethical operational procedures aimed at instilling transparency and accountability.

It states that NDIC’s Anti-Corruption and Transparency Unit, ACTU, played a pivotal role in the process by collaborating closely with ICPC to sensitize NDIC staff on identifying and enhancing internal controls to prevent fraudulent practices, and ensuring strict compliance with established policies and procedures by the Corporation’s management.

The statement explains that NDIC’s outstanding performance in the 2023 ICPC Ethics and Integrity Compliance Scorecard underscores its unwavering commitment to upholding the highest ethical standards and serving as a beacon of integrity within the Public Service.

It adds that the Corporation remains dedicated to ensuring the safety of deposits and contributing to the stability of the financial system.

EDITED BY GRACE NAMIJI