The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Directors (CIoD) have reaffirmed their commitment to strengthening their partnership in promoting corporate governance and ethical leadership in the banking industry.
The CIoD Governing Council, led by its President and Chairman, Tijjani Borodo, recently paid a courtesy visit to the NDIC Management in Abuja.
During the visit, Borodo lauded the NDIC’s excellence in operational standards, consistent implementation of its mandate, and commitment to ethical leadership and sound corporate governance.
The NDIC’s Managing Director/Chief Executive, Bello Hassan, emphasized the Corporation’s commitment to depositor protection and financial system stability, stressing that corporate governance is central to its operational mandate.
The CIoD President highlighted the Institute’s strong commitment to promoting high standards of governance and leadership across all sectors, including the banking industry.
The two organizations discussed ways to strengthen their partnership, particularly in the area of capacity building through board induction programs, executive leadership development, and governance training tailored to the specific needs of directors in both the public and private sectors.
Borodo said, “The NDIC’s excellence in operational standards and commitment to ethical leadership and sound corporate governance have been critical factors in the Corporation’s success in promoting the stability of the banking sector and the nation’s financial system.”
Hassan reiterated the NDIC’s committment to sustaining its partnership with the CIoD in advancing a strong culture of corporate governance among the NDIC’s executive staff and across the broader financial industry.
The partnership between the NDIC and CIoD aims to promote professionalism, corporate accountability, and good governance practices in the financial industry.
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