NDIC endorses deposit insurance coverage module in ICAN curriculum

The Nigeria Deposit Insurance coverage Company has reiterated requires the introduction of a deposit insurance coverage module within the curriculum of the Institute of Chartered Accountants of Nigeria.

Based on an announcement from the Company on Sunday, the decision was made by the Managing Director and Chief Government Officer of NDIC, Mr Bello Hassan, throughout a courtesy go to of the ICAN Governing Council to the NDIC workplace in Abuja.

“Reflecting on his earlier name for stronger collaboration with ICAN, the NDIC boss burdened the necessity for the introduction of a deposit insurance coverage module within the curriculum of ICAN examinations. He emphasised that this initiative is important to boost understanding of the Deposit Insurance coverage Scheme amongst ICAN members, who signify a good portion of potential bankers and financial institution examiners,” a part of the assertion learn.

Hassan additionally echoed the administration’s dedication to strengthening the partnership between ICAN and the company in contributing to the steadiness of the banking sector and the nation’s monetary system as an entire.

In the meantime, the ICAN president hailed the NDIC as a formidable organisation on account of its dedication to compliance with requirements of company governance, zero tolerance for corruption, and efficient inner controls.

He added that the Company’s dedication has been recognised by the Impartial Corrupt Practices and Different Associated Offences Fee, which awarded NDIC the highest place in its 2023 Ethics and Integrity Compliance Scorecard.

Whereas underscoring the connection between his institute and NDIC, Alaribe disclosed that ICAN has additionally established the ICAN Accountability Index to advertise integrity in key sectors of the financial system, specializing in finances, credibility, and asset and debt administration.zz

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