The Chartered Institute of Directors (CIoD) Nigeria has commended the Nigeria Deposit Insurance Corporation’s (NDIC’s) excellence in operational standards, consistent implementation of its mandate, and unwavering commitment to ethical leadership and sound corporate governance, especially in banking supervision and depositor protection, with the attendant implications for the nation’s financial system stability.
The President and Chairman of Council of the Chartered Institute of Directors (CIoD) Nigeria, Alhaji Tijjani Borodo, was quoted in a statement by the corporation’s Head, Communication & Public Affairs Department, Ms. Hawwau Gambo, as giving the commendation when he led a team of the CIoD Governing Council on a courtesy visit to the management of the NDIC at the corporation’s head office in Abuja.
While commending the NDIC for its notable achievements in bank liquidation and resolution, the CIoD President noted that poor corporate governance had been a major contributing factor to bank failures.
Borodo explained that as the apex professional body for directors in Nigeria, the CIoD had put in place mechanisms and procedures to sanction erring directors found culpable of unethical conduct in demonstration of the Institute’s strong commitment to promoting high standards of governance and leadership across all sectors, including the banking industry.
He described the visit of the Governing Council of the CIoD as an opportunity to strengthen and sustain the partnership between the Institute and the NDIC, particularly in the area of capacity building through board induction programmes, executive leadership development, and governance training tailored to the specific needs of directors in both the public and private sectors.
In his remarks, the NDIC MD/CE, Mr. Bello Hassan, thanked the CIoD’s leadership for promoting professionalism and corporate accountability.
He reiterated the NDIC’s commitment to depositor protection and financial system stability, stressing that corporate governance is central to the Corporation’s operational mandate and critical in strengthening the integrity and resilience of banks as well as instilling public confidence in the financial system.
Hassan further promised the corporation’s readiness to sustain its partnership with the Institute in advancing a strong culture of corporate governance among the NDIC’s executive staff and the broader financial system landscape.
Photo Caption
MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan (middle) and the Corporation’s Executive Director Corporate Services, Mrs Emily Osuji (2nd right) in a group photograph with members of the Governing Council of the Chartered Institute of Directors (CIoD) led by the President and Chairman of Council, Alhaji Tijjani Borodo (3rd right) during the courtesy visit of the CIoD Governing Council to the NDIC’s management at the Corporation’s head office in Abuja
