NDIC Investigates Alleged Financial Impropriety Against Staff

The Nigeria Deposit Insurance Corporation (NDIC) has commenced investigations into allegation of financial impropriety levelled against one of its staff members.

The NDIC said that while it is assessing the veracity of the reported incident, the alleged events are unrelated to the operations of the corporation but stressed that as a responsible federal institution, it is committed to uncovering the truth and addressing the matter in an appropriate manner.

Bashir A. Nuhu Director, Communications and Public Affairs Department of the NDIC said, “Following our preliminary investigations into the allegations, we have discovered 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.

“It is important to note that during her tenure at the bank, she asserts that she was not involved in any improper financial transactions with anyone.

“However, we 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.”

Nuhu highlighted that the NDIC maintains a zero-tolerance policy towards financial impropriety and any actions that contravene its core values, corporate culture and code of conduct.

He stressed that the NDIC is committed to upholding the highest ethical standards in its corporate governance practices, which it has diligently cultivated over the past three decades of its existence in fulfilling its role of depositor protection and contributing to financial system stability.

There have been reports in the media (not the Nigerian Tribune), regarding allegations of financial impropriety involving one of the NDIC staff members.