CIoD Applauds NDIC’s Ethical Leadership and Governance Standard
The Chartered Institute of Directors (CIoD) Nigeria has commended the Nigeria Deposit Insurance Corporation (NDIC) for its unwavering commitment to ethical leadership, sound corporate governance, and operational excellence in promoting financial system stability.
Speaking during a courtesy visit to the NDIC headquarters in Abuja, the President and Chairman of Council of the Institute, Alhaji Tijjani Borodo, praised the Corporation’s achievements in banking supervision, depositor protection, and the resolution of failed financial institutions. He described NDIC’s governance practices as exemplary, especially at a time when poor corporate governance remains a major factor in the collapse of banks.
“As the apex professional body for directors in Nigeria, we have instituted mechanisms to sanction erring directors involved in unethical practices,” Borodo said, stressing the Institute’s commitment to entrenching a culture of integrity and accountability across all sectors, particularly in the financial services industry.
The CIoD president noted that the visit presented an opportunity to strengthen collaboration between both institutions. He emphasized the importance of joint efforts in capacity building, board induction programmes, executive leadership development, and governance training tailored to directors in both public and private sectors.
In response, the Managing Director and Chief Executive of NDIC, Mr. Bello Hassan, expressed appreciation for the recognition and reaffirmed the Corporation’s dedication to safeguarding depositors and maintaining public confidence in the financial system.
“Corporate governance is central to our operational mandate. It plays a vital role in reinforcing the stability and resilience of banks,” Hassan said.
He reiterated the NDIC’s readiness to deepen its partnership with the CIoD in promoting a strong culture of ethical leadership and responsible corporate practices within the NDIC and the broader financial ecosystem.
