The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation   (NDIC),   Mr.   Bello   Hassan,  has  called  upon  the  Institute  of Chartered  Accountants   of  Nigeria   (ICAN)  to incorporate   courses  on  the Deposit   Insurance   System   (DIS)   into   its   educational   programs   and modules.   Mr.   Hassan   made   the   call   during   a   courtesy   visit   by   the Governing Council Members of ICAN, led by the President of the Institute, Mr. Innocent Iweka Okwosa, to the Corporation’s Management in Abuja.

Mr. Hassan said  including   DIS   courses  within   ICAN’s   training   programs would enhance the understanding of DIS not only within the banking sector but   also  among  professional  accountants.  He   described   it  as  critical  to bridging the knowledge gap on the mandate and achievements of DIS, its critical role in protecting depositors and its contribution to financial system stability.

He   added   that   it   would   also   address   misconceptions   of   the benefits and limitations of the deposit insurance system.

Mr.   Hassan   further   stressed   the   significance   of   public   awareness   in maximizing   the   impact   and   reach   of   the   deposit   insurance   system throughout the general public and the financial sector as a whole.

He stated that   given   the   novel   nature   of   the   scheme   in   Nigeria   and   globally, collaboration with ICAN and other stakeholders had become imperative to strengthen   the   effectiveness   of   the   Corporation’s   operations   to   fully implement its mandate.

Mr. Bello Hassan congratulated Mr. Okwosa on his assumption of office as the   59th  ICAN  President.  He   encouraged  him  to   ensure   that  chartered accountants uphold the Institute’s values of accuracy and integrity in all aspects of their work. He also reassured the Institute of the Corporation’s unwavering support and partnership in furthering the practice of accounting in the country. He also extended condolences to the Institute on the recent passing of the first chartered accountant in Nigeria,

Mr. Akintola Williams who left a legacy of excellence and professionalism that has paved the way for the growth of the profession in Nigeria.Mr. Hassan commended ICAN’s commitment to maintaining zero tolerance for professional misconduct, asserting that this stance would continue to provide confidence to the Corporation and other stakeholders in relying on the work of accountants in fulfilling their mandates.

In   response,   Mr.   Innocent   Iweka   Okwosa   praised   Mr.   Hassan   for   his exemplary   leadership   and   the   professionalism.