Wednesday, January 22, 2025
24.4 C
Lagos

NDIC Clinches FG Platinum Award for Outstanding Performance in Corporate Governance, Service Delivery

L-R: Managing Director/ CEO, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan; Board Chairman, NDIC, Mrs. Ronke Sokefun; Special Adviser to the President on Policy and Coordination, Dr. Habiba Lawal and Director General, Bureau of Public Service Reforms (BPSR), Dr. Dasuki Arabi, during the official presentation of Report and Award on the Deployment of the Self-Assessment Tool to Nigeria Deposit Insurance Corporation (NDIC) at the NDIC Headquarters in Abuja.

The Nigeria Deposit Insurance Corporation (NDIC) has been presented with the Federal Government Level Five (5) Platinum Level award for outstanding performance in corporate governance and accountability by the Bureau of Public Service Reforms (BPSR).

The award is based on the Corporation’s outstanding score of Ninety-Three Percent (93%) in the BPSR Self-Assessment Tool (SAT) that was deployed to Federal Ministries, Departments and Agencies (MDAs) to assess and enhance service delivery.

Presenting the award to the Corporation, the Secretary to the Government of the Federation (SGF), Barr. Boss Mustapha represented by the Special Adviser to the President on Policy and Coordination, Dr. Habiba Lawal congratulated the Board, Management and Staff of the NDIC for the courage and commitment during the exercise. She added that the Corporation’s exceptional achievement serves as an impetus for other government agencies to take the opportunity of the BPSR Self-Assessment Tool to assess their strengths and weaknesses, and employ the outcome of the self-evaluation to achieve the Federal Government’s objectives of effective service delivery to the citizenry.

The Honourable Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, represented by the Director, Home Finance, Mr. Stephen Okon commended the Corporation for the award and expressed the Ministry’s continued commitment and support to the NDIC towards the implementation of the recommendations of the BPSR SAT report.

While presenting the SAT report, the Director-General of the BPSR, Dr Dasuki Arabi, stated that the Corporation is the first and only agency under the supervision of Federal Ministry of Finance, Budget and National Planning to submit itself to the SAT assessment.

He explained that the Corporation’s 93% score which represents the rating of “Far Exceeded Expectations” is a direct result of the Management’s commitment to high standards in corporate governance and staff’s diligence and hard work.

He added that the assessment, which commenced in September 2021, focused on broad areas of strategic governance including financial management, operational and service delivery process, human resource management & planning, procurement process and change management.

The Chairman, NDIC Board of Directors, Mrs. Ronke Sokefun and the MD/CE, NDIC Mr Bello Hassan both congratulated the NDIC Board, Management Team and staff for the feat achieved. The MD/CE, Mr. Hassan said since the assessment from the BPSR, the NDIC has continued to benchmark itself with International Standards and Best Practices through a culture of continuous process improvement and service delivery to its various stakeholders.

Meanwhile, The Board Chairman, Mrs. Sokefun said the NDIC would continue to strive for excellence in delivery of its mandate while implementing recommendations of the BPSR report.

spot_img
spot_img
spot_img

Hot this week

Linkage Assurance CFO Becomes Pioneer Chairman of ICAN-NIA Chapter

L-R: Bola Odukale, Director-General/CEO, Nigerian Insurers Association (NIA); Etofolam...

NAICOM, Police Partner on Enforcement of Third Party Motor Insurance

The Commissioner for Insurance and Chief Executive Officer of...

Fidelity Bank Strengthens Leadership with New Board Appointments

In a strategic move to sustain its impressive performance,...

PenOp Explains the Contributory Pension Scheme Process in Nigeria

Understanding How Monthly Pensions Are Paid to Retirees Under...

Sovereign Trust Insurance Receives Appreciation Plaque from Atinuke Cancer Foundation

L-R: kayode Adigun, Executive Director, Finance and Corporate Services;...

Topics

Heritage Bank Reports N1.5bn Profit for 2015

Heritage Bank Plc has announced a profit before tax...

Organic Solutions Trains 4,000 Skin-Care Givers on Formulation, Business Growth

R-L: Mr. Agudiegwu (seated), Chairman and Mrs. Gloria Agudiegwu...

Africa, ME, Turkey ICT Spend Forecast at $243bn in 2017

ICT spending in the Middle East, Turkey, and Africa...

Stanbic IBTC: Driving Job Creation via Graduate Trainee, Entrepreneurial Programs

Stanbic IBTC continued to champion the job creation drive...

A Tale of Three Regimes

Since 2004 to date, the banking sector and Central Bank of Nigeria (CBN) have welcomed three different Governors of three different governing styles. In essence, Chukwuma Soludo, Lamido Sanusi and Godwin Emefiele represent three dimensional regimes in one critical sector-Banking.For those that lived through the Central Bank of Nigeria (CBN) regimes of Professor Chukwuma Soludo and Mallam Lamido Sanusi, it was always a difficult act to objectively locate the successes and failures of both administrations in terms of curing the banking sector of its endless Ebola diseases and building strong bricks for sustainable future growth.

Economic Diversification, Non-oil Export Growth Back on the Front Burner

A peaceful outcome of the 2015 presidential election was the desire of the generality of Nigerians and the international community. Thankfully, we got it; and more. President Goodluck Jonathan converted his loss of the election to something remarkably positive for the country and for his legacy. His concession of defeat and early call to congratulate General Muhammadu Buhari, who emerged as President-elect, is surely an indelible mark in our strides to entrenching a democratic culture in Nigeria.

Worldwide Smartphone Sales Grew 9.7% in 4qtr 2015

Global sales of smartphones to end users totaled 403...
spot_img

Related Articles

Popular Categories

spot_imgspot_img