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Friday, January 21, 2022

Accuracy, Integrity Take Front Burner As NDIC Boss Charges ICAN Members

Mr. Bello Hassan, Managing Director/Chief Executive (MD/CE) of Nigeria Deposit Insurance Corporation (NDIC), has charged members of the Institute of Chartered Accountants of Nigeria (ICAN) who are also professional auditors to earn public confidence and respect within the financial services industry by upholding the core values of accuracy and integrity which is also the motto of the Institute.

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

Hassan said that both the NDIC and Central Bank of Nigeria (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, emphasised the need for ICAN 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.

He pointed out that among the nation’s ministries departments and agencies (MDAs), the Corporation has a large number of chartered accountants in 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 who was 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 NDIC in the Golden Jubilee Annual Conference of the institute which had already been scheduled to hold between 5 – 9 of April, 2021.

Adewuyi congratulated Hassan on his recent appointment as MD/CE of NDIC, noting the appointment as the result of his vibrancy, hard work and invaluable contributions to the growth of the banking sector for over 30 decades.

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Yunusa Tanko Abdullahi
S.A Media and Communications to the Honourable Minister of Finance, Budget and National Planning


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