Professional Ethics: NDIC Seeks Closer Ties With ICAN

The Nigeria Deposit Insurance Corporation (NDIC) has asked members of the Institute of Chartered Accountants of Nigeria (ICAN) to adhere to the high standards expected of them in the discharge of their responsibilities.

The Managing Director/Chief Executive of NDIC, Bello Hassan, made the appeal when the ICAN National President, represented by one of the Council Members, Sofura Seghosime and Chairman of Abuja District, Bosede Ikhanoba alongside other ICAN Executive Members paid a courtesy visit to the NDIC head office in Abuja.

Hassan explained that both the NDIC and Central Bank of Nigeria (CBN) rely on the works of third parties, including external auditors and reporting accountants, in the Risk-Based Supervision (RBS) of deposit taking institutions. He therefore highlighted the need for ICAN members to strictly abide by the high standards expected by the institutions in the discharge of their duties.

 L – R: MD/CEO, NDIC, Bello Hassan receiving a congratulatory card presented to him on behalf of ICAN National President, Onome Joy Adewuyi from National Council Member, Sofura Seghosime alongside Abuja District Chairman, Bosede Ikhanoba, during a courtesy visit in Abuja.

In his words; “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.”

Hassan pointed out that NDIC has one of the largest number of chartered accountants amongst its workforce while reiterating the Corporation’s commitment towards continued collaboration with the Institute in enhancing the skill and capacity of members in its employment.

Earlier, Seghosime who represented the ICAN National President, Dame Onome Joy Adewuyi, said the visit was to solicit the collaboration of the NDIC in the upcoming Golden Jubilee Annual Conference of ICAN which is scheduled to hold between 5th and 9th April, 2021.

NDIC MD/CEO, Bello Hassan (3rd left) in a group photograph with ICAN Council Member, Sofura Seghosime (4th left), Abuja District Chairman, Bosede Ikanoba (2nd left) and other members during a courtesy visit to the MD/CE in Abuja.

She congratulated the NDIC boss on his recent appointment as MD/CE of the corporation, noting that this was a testimony to his vibrancy, hard work and invaluable contributions to the growth of the banking sector for over 30 decades.

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