For the second time, the Nigeria Deposit Insurance Corporation (NDIC) emerged the overall winner of the Independent Corrupt Practices and Other-related Offences Commission (ICPC) 2023 Ethics and Integrity Compliance Scorecard (EICS) competition.
Previously, the corporation was ranked first in the 2021 edition of the competition, an achievement that highlighted NDIC’s unwavering commitment to high ethical standards and compliance with anti-corruption laws and regulations.
The ICPC’s Ethics and Integrity Compliance Scorecard (EICS) is an annual assessment tool designed to evaluate the performance of Ministries, Departments, and Agencies (MDAs) in Nigeria in relation to their adherence to institutional ethics and integrity requirements.
Organisers said the assessment of the MDAs encompassed the measurement and monitoring of their key performance indicators in categories such as Management Culture and Structure, Financial Management Systems, and Administrative Systems.
In the 2023 edition of the EICS held between March and July 2023, the NDIC excelled with a score of 91.30% among a total of 404 MDAs they were covered.
The EICS report emphasized ICPC’s commitment to mitigating abuse of office and corruption by promoting ethics and integrity benchmarks within government agencies, ultimately contributing to more effective service delivery.
“The NDIC’s consistent first-place ranking is a testimony to the Corporation’s zero tolerance policy for corruption and benchmarking of its operations with standard best practices,” the Director, Communication & Public Affairs of the Corporation, Bashir Nuhu, said.
“Last September, the Corporation earned three International Standard Organisation (ISO) certifications, having complied with the requirements following a rigorous audit by MSECB, a leading international provider of audit and certification services.
“These achievements have been possible due to Corporation’s effective and ethical operational procedures aimed at instilling transparency and accountability.
“The NDIC’s Anti-Corruption and Transparency Unit (ACTU) played a pivotal role in the process, collaborating closely with the ICPC. This collaboration included sensitising NDIC staff, identifying and enhancing internal controls to prevent fraudulent practices, and ensuring strict compliance with established policies and procedures by the Corporation’s management.
The NDIC’s outstanding performance in the 2023 ICPC Ethics and Integrity Compliance Scorecard underscores its unwavering commitment to upholding the highest ethical standards and serving as a beacon of integrity within the Public Service. The Corporation remains dedicated to ensuring the safety of deposits and contributing to the stability of the financial system,” Nuhu said.