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ICAN seeks NDIC’s support

The Nigeria Deposit Insurance Corporation (NDIC) says in order to earn public confidence and respect within the financial services industry, professional auditors who are members of the Institute of Chartered Accountants of Nigeria (ICAN) must uphold the core values of Accuracy and Integrity.

 The Managing Director of the Corporation, Mr. Bello Hassan said this during a courtesy visit by the ICAN National President represented by one of the Council Members, Mrs Sofura Seghosime and Chairman of Abuja District, Mrs Bosede Ikhanoba and other ICAN Executive Members to the NDIC head office in Abuja.

Mr. Hassan explained 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 stressed the need for ICAN members to ensure strict compliance to the high standards expected by the institutions in the discharge of their responsibilities.

He pointed out that among the Nation’s MDAs, the Corporation has one of the largest number of chartered accountants amongst its workforce and reiterated the Corporation’s commitment towards continued collaboration with the Institute in enhancing the skill and capacity of members.

Earlier, the Council Member in company of the Abuja District Chairman had said they embarked on the visit on behalf of the Institute’s National President, Dame Onome Joy Adewuyi to solicit the collaboration of the NDIC in the in the programs of the professional body.

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