NDIC Boss Charges ICAN Members on Accuracy, Integrity




By Tony Obiechina, Abuja

The Managing Director/Chief Executive of Deposit Corporation (NDIC), Mr Bello Hassan has charged prefessional auditors are members of the Institute of of Chartered Accountants of () that in order to earn public confidence and respect within the financial services industry, they must uphold the core values of “Accuracy and Integrity” which is also the motto of the Institute.

Hassan stated this when the National President represented by one of the Council Members, Mrs Sofura Seghosime and Chairman of Abuja District, Mrs Bosede Ikhanoba and other Executive Members visited the NDIC head office in Abuja.

The MD explained that both the NDIC and Central Bank of (CBN) relied on the works of third parties which include external auditors and reporting accountants in the Risk-Based Supervision (RBS) of deposit taking institutions. He therefore stressed the need for members to ensure strict compliance to the high standards expected by the institutions in the discharge of their responsibilities.

“We place a lot of reliance on the work of external auditors that audit our banks or rather all deposit taking financial institutions. We want to see consistency in the way accountants express opinions over audited financial statements”, he said.

Hassan pointed out that among the Nation’s MDAs, the Corporation has one of the largest number of chartered accountants amongst its workforce. He therefore reiterated the Corporation’s commitment towards continued collaboration with the Institute in enhancing the skill and capacity of members in its employment.

Earlier, the Council Member in company of the Abuja District Chairman said they embarked on the visit on behalf of the Institute’s National President, Dame Onome Joy Adewuyi to solicit the collaboration of the NDIC in the Golden Jubilee Annual Confeence of ICAN which had already been scheduled to hold between 5th and 9th April, 2021.

She congratulated Hassan on his recent appointment as NDIC’s MD/CE, noting that this was a testimony to his vibrancy, hard work and invaluable contributions to the growth of the banking sector for over 30 decades.

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