NDIC confirms report alleging staff involvement in financial malpractice, commences full investigation



Uba Group

The Nigeria Deposit Insurance Corporation has confirmed reports that one of its staff engaged in some financial improprieties, noting that it has commenced investigation into the case.

This is coming on the heels of recent reports by some media organisations claiming that a female staff of the Corporation was involved in some shady financial transactions.

Reacting to the media reports, NDIC’s director of communication, Bashir Nuhu said the Corporation is committed to finding out the authenticity of the report.

He confirmed that preliminary investigation showed that the staff had previously worked in a commercial bank, where she served as account officer prior to her joining the Corporation in 2017.

The statement reads in part; “The attention of the Management of the Nigeria Deposit Insurance Corporation (NDIC) has been drawn to the media report by the Peoples’ Gazette and Sahara reporters regarding allegations of financial impropriety involving one of our staff members.

“We would like to emphasize that while we are assessing the veracity of the reported incident, the alleged transaction is unrelated to the operations of the Corporation.

“Nonetheless, as a responsible Federal Institution, we are committed to uncovering the truth and addressing the matter in an appropriate manner.

“Following our preliminary investigations into the allegations, we have discovered that the staff member in question was previously employed at a commercial bank as an account officer to the Federal Government Official referenced in the report before joining the NDIC in 2017.

“It is important to note that during her tenure at the bank, she asserts that she was not involved in any improper financial transactions with anyone.

“However, we remain diligent in our pursuit of any contradictory information and will not hesitate to take appropriate action should it arise concerning the staff member involved.”

Nuhu assured that the NDIC maintains a zero-tolerance policy towards financial impropriety and any actions that contravene its core values, corporate culture, and code of conduct.