NDIC endorses deposit insurance module in ICAN curriculum

The Nigeria Deposit Insurance Corporation has reiterated calls for the introduction of a deposit insurance module in the curriculum of the Institute of Chartered Accountants of Nigeria.

According to a statement from the Corporation on Sunday, the call was made by the Managing Director and Chief Executive Officer of NDIC, Mr Bello Hassan, during a courtesy visit of the ICAN Governing Council to the NDIC office in Abuja.

“Reflecting on his earlier call for stronger collaboration with ICAN, the NDIC boss stressed the need for the introduction of a deposit insurance module in the curriculum of ICAN examinations. He emphasised that this initiative is essential to enhance understanding of the Deposit Insurance Scheme among ICAN members, who represent a significant portion of potential bankers and bank examiners,” part of the statement read.

Hassan also echoed the management’s commitment to strengthening the partnership between ICAN and the corporation in contributing to the stability of the banking sector and the nation’s financial system as a whole.

Meanwhile, the ICAN president hailed the NDIC as a formidable organisation due to its commitment to compliance with standards of corporate governance, zero tolerance for corruption, and effective internal controls.

He added that the Corporation’s commitment has been recognised by the Independent Corrupt Practices and Other Related Offences Commission, which awarded NDIC the top position in its 2023 Ethics and Integrity Compliance Scorecard.

While underscoring the relationship between his institute and NDIC, Alaribe disclosed that ICAN has also established the ICAN Accountability Index to promote integrity in key sectors of the economy, focusing on budget, credibility, and asset and debt management.zz

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