The Nigerian Deposit Insurance Corporation (NDIC) has been bestowed with the 2014 prestigious Integrity and Accountability Award as well as the Most Outstanding Public Institution by the Independent Service Delivery Monitoring Group (ISDMG).
The awards came from a comprehensive report of the activities of the most outstanding public institutions and MDAs in Nigeria. At the award ceremony held in Abuja last weekend, and witnessed by civil society organisations across Africa, the organisers said reports on the public institutions “provided a composite review of the operational highlights, strategic imperatives of transparency and accountability and how the institution addressed the imperatives.”
The executive director of ISDMG, Dr. Chima Amadi, said the Integrity and Accountability Award to the NDIC was based on “public perception, prompt payment/settlement of all internal and external debts, clean record of misappropriation scandal and access to the press in the running of their business”
“In the continued drive to press home this message of integrity and accountability, we are obliged to encourage institutions aiming for this desired goal especially in a society where graft and financial scandal is commonplace,” the ISDMG director said
The NDIC won its award in the Finance, Trade and Investment category after a rigorous exercise involving over 400 public institutions by over five million Nigerians who voted through mobile SMS, internet and questionnaire survey.
Presenting the award to the managing director/chief executive of NDIC, Alhaji Umar Ibrahim, who was represented by the director, human resources, Alhaji Aminu Ahmed, the ISDMG executive director, Dr. Chima Amadi said the NDIC came top owing to its unequalled ratings by respondents in the core areas of assessment of public institutions.
He stated clearly that the award was a clear expression of the high level performance, innovation, qualitative service delivery and citizen’s satisfaction by the Corporation. “The NDIC has given every Nigerian who has his money in any financial institution the faith that his/her money is safe, given the barrage of financial malpractices in our public institutions and the negative impact it is having on the life of the average customer in Nigeria.”
While receiving the award, Alhaji Aminu Ahmed, who represented the NDIC MD/CEO, said the award is a testimony of the Corporation’s commitment towards achieving excellence in service, and discharging its mandate of depositor protection and contributing to the safety, soundness and stability of the financial system.