The Nigeria Deposit Insurance Corporation (NDIC) has once again demonstrated its unwavering   commitment   to   high   ethical   standards   and   compliance   with   anti-corruption   laws   and   regulations,   as   it   proudly   secures   the   top   position   in   the Independent   Corrupt   Practices   and   Other   Related   Offences   Commission   (ICPC) 2023   Ethics   and   Integrity   Compliance   Scorecard   (EICS).

This   remarkable achievement marks the second time that NDIC has achieved the prestigious first place, previously having been ranked first in the 2021 EICS.The   ICPC’s   Ethics   and   Integrity   Compliance   Scorecard   (EICS)   is   an   annual assessment   tool   designed   to   evaluate   Ministries,   Departments,   and   Agencies (MDAs)   in   Nigeria   for   their   adherence   to   institutional   ethics   and   integrity requirements.

The assessment encompasses the measurement and monitoring of key   performance   indicators   in   categories   such   as   Management   Culture   and Structure, Financial Management Systems, and Administrative Systems. In the 2023 EICS, which took place between March and July 2023 and involved 404 MDAs, the NDIC excelled with a score of 91.30%.

The EICS report emphasizes the 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 its operations with standard best practices.

It would be recalled that the Corporation in September this year earned 3 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 sensitizing 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.