By Ossom Raphael
The Corporation was adjudged as “an outstanding public service provider” with sterling performance which stood high above its peers in effective leadership and accomplishments.
According to the organisers, the Award Committee which was made up of eminent Nigerians, reviewed the pragmatic and tangible transformations which the Corporation brought into management and execution of its core mandate including mitigation of corruption, insider abuse as well as containing non-performing loans in the nation’s financial system.
The Committee said that the NDIC “ has also pursued the observance of corporate governance principles in the Nigeria’s financial system”, with declaration that this contribution and other milestone achievements earned the Corporation the public recognition.”
They noted that NDIC had implemented good institutional transformation policies which had resulted in friendly business environment, expansion of opportunities and a huge contribution towards economic development.
The Managing Director & Chief Executive, NDIC, Alhaji Umaru Ibrahim who received the Award said the gesture would further spur the Corporation to raise the bar of excellent performance on the discharge of its mandate.
The Managing Director recalled the rebranding of the Corporation in 2013 which gave rise to the overhaul of its processes, procedures, systems and methods of operation in line with global best practices in deposit insurance.
He expressed delight that Management’s initiatives were paying off with recognitions coming from home and abroad.
NDIC had in 2014 won the International Association of Deposit Insurers (IADI) award as the Best Deposit Insurance Organisation of the Year under Category 2 of the IADI Core Principles on Compliance and International Collaboration. And in 2016, the MD/CE was re-elected unopposed into the Executive Committee of the IADI for a term of three years in view of his outstanding performance in his first term between 2013 and 2016.